Kevin William Smith - Feb 10, 2025 Form 4 Insider Report for Coterra Energy Inc. (CTRA)

Role
SVP & Chief Technology Officer
Signature
/s/ Marcus G. Bolinder, attorney-in-fact
Stock symbol
CTRA
Transactions as of
Feb 10, 2025
Transactions value $
-$280,554
Form type
4
Date filed
2/12/2025, 06:31 PM
Previous filing
Feb 3, 2025
Next filing
Feb 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRA Common Stock Options Exercise $0 +25.7K +36.71% $0.00 95.8K Feb 10, 2025 Direct F1, F2, F3
transaction CTRA Common Stock Tax liability -$281K -10.1K -10.57% $27.72 85.7K Feb 10, 2025 Direct F4

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 CTRA Performance Shares Options Exercise $0 -25.7K -100% $0.00 0 Feb 10, 2025 Common 25.7K Direct F2, F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock earned as a result of the certification by the Compensation Committee of the Issuer to the achievement of certain performance criteria under the terms of the performance share award agreement granted on February 28, 2022.
F2 On February 10, 2025, the Compensation Committee of the Issuer certified the performance shares earned, resulting in full vesting of the portion payable in common stock and the remainder amount paid to the reporting person in cash.
F3 Each performance share earned (up to 100% of the performance shares awarded) converted into common stock on a one-for-one basis.
F4 Represents shares of common stock withheld by the Issuer to satisfy the reporting person's tax obligations relating to the vesting of a previously disclosed award of performance shares, not a sale transaction by the reporting person.
F5 On February 28, 2022, the reporting person received a grant of performance shares. The performance share award agreement provides for vesting between 0% and 200% of the performance shares awarded (payable in common stock up to 100% of the performance shares awarded and, for vesting above 100%, in cash) based upon the achievement of certain performance criteria over a three-year performance period beginning February 1, 2022 and ending January 31, 2025.
F6 Represents the number of performance shares awarded on February 28, 2022.