Sandra E. Jacoby - 15 Feb 2023 Form 4 Insider Report for PDC ENERGY, INC.

Role: SVP, Corporate Administration
Signature: /s/ Nicole L. Martinet, by power of attorney
Issuer symbol: N/A
Transactions as of: 15 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Feb 2023, 16:06:07 UTC
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PDCE	Common Stock	Award	$0	+3,974	+38%	$0.000000	14,554	15 Feb 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	PDCE	Performance Share Units	Award	$0	+2,460		$0.000000	2,460	15 Feb 2023	Common Stock	2,460		Direct	F2

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

Explanation of Responses:

Id	Content
F1	The restricted stock units were acquired pursuant to the PDC Energy, Inc. 2018 Equity Incentive Plan and will vest in three equal annual installments beginning on February 25, 2024.
F2	Each performance share unit represents a contingent right to receive 0-250% of that number in shares of Company common stock. The amount reported represents the "target" number. The performance share units vest upon continued employment and achievement of specified metrics compared to certain peers, as measured in December of 2025 and as described in the related grant agreement.