Robert John Anderson - 06 Jan 2023 Form 4 Insider Report for EARTHSTONE ENERGY INC (ESTE)

Role
President and CEO, Director
Signature
/s/ Robert J. Anderson
Issuer symbol
ESTE
Transactions as of
06 Jan 2023
Transactions value $
$0
Form type
4
Filing time
09 Jan 2023, 16:32:30 UTC
Previous filing
03 Jan 2023
Next filing
06 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESTE Class A Common Stock Award $0 +77,420 +13.6% $0.000000 646,803 06 Jan 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESTE Performance Unit Award $0 +77,420 $0.000000 77,420 06 Jan 2023 Class A Common Stock 77,420 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock unit award vests on an equal quarterly basis over a three-year period with the first vesting date on March 31, 2023, subject to the terms of the restricted stock unit agreement. Each restricted stock unit represents the contingent right to receive one share of Class A common stock of the Issuer.
F2 This performance unit award is subject to the terms of the performance restricted stock unit agreement. The vesting of the award is subject to the satisfaction of certain performance criteria in the period beginning on January 1, 2023 and ending on December 31, 2025. The units are valued on a one-to-one basis to the Class A common stock of the Issuer and are intended to be settled in stock but a portion may be settled in cash upon vesting. The number of shares of Class A common stock applicable to the award can range from 0% to 200% of the number presented above.