James E. Craddock - 05 Mar 2024 Form 4 Insider Report for Callon Petroleum Co

Role: Director
Signature: /s/ James E. Craddock, by Lucas A. Fried, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 05 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2024, 16:15:35 UTC
Previous filing: 05 Jul 2023
Next filing: 01 Apr 2024
SEC: View on sec.gov

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	CPE	2024 RSU - Stock	Award		+5,230			5,230	05 Mar 2024	Common Stock	5,230		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 5, 2024, the reporting person was granted 5,230 Restricted Stock Units ("RSUs"). The RSUs will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2025 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Deferred Compensation Plan for Outside Directors.
F2	RSUs convert into Phantom Stock Units on a one-for-one basis, and each Phantom Stock Unit is the economic equivalent of one share of common stock.

Content

On March 5, 2024, the reporting person was granted 5,230 Restricted Stock Units ("RSUs"). The RSUs will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2025 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Deferred Compensation Plan for Outside Directors.

RSUs convert into Phantom Stock Units on a one-for-one basis, and each Phantom Stock Unit is the economic equivalent of one share of common stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney