Bryan Lemmerman - Feb 21, 2025 Form 4 Insider Report for Vital Energy, Inc. (VTLE)

Role: EVP & CFO
Signature: /s/ Mark D. Denny as attorney-in-fact for Bryan J. Lemmerman
Stock symbol: VTLE
Transactions as of: Feb 21, 2025
Transactions value $: -$68,938
Form type: 4
Date filed: 2/25/2025, 04:34 PM
Previous filing: Feb 21, 2025
Next filing: Mar 13, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VTLE	Common Stock	Options Exercise	$303K	+10.5K	+9.57%	$28.76	120K	Feb 21, 2025	Direct	F1
transaction	VTLE	Common Stock	Tax liability	-$372K	-12.9K	-10.72%	$28.76	108K	Feb 21, 2025	Direct	F2

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	VTLE	Performance Units	Options Exercise	$0	-12.8K	-100%	$0.00	0	Feb 21, 2025	Common Stock	12.8K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	These performance units are granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a From 4 filed by the Issuer on February 24, 2022. The performance units became payable in common stock based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iv) growth in inventory and (v) emissions reduction over a three-year performance period ending December 31, 2024. Based on the actual performance criteria satisfied, the performance unit multiplier was 82%.
F2	Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.

Content

These performance units are granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a From 4 filed by the Issuer on February 24, 2022. The performance units became payable in common stock based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iv) growth in inventory and (v) emissions reduction over a three-year performance period ending December 31, 2024. Based on the actual performance criteria satisfied, the performance unit multiplier was 82%.

Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.