Form 4: Coterra Energy CEO Thomas Jorden Donates Shares to Charity
SEC Form 4
Coterra Energy CEO Thomas Jorden gifted 112,416 shares of common stock to a charitable donor-advised fund on March 7, 2024.
Summary
- On March 7, 2024, Thomas E. Jorden, CEO and President of Coterra Energy Inc., gifted 112,416 shares of Coterra Energy common stock to a charitable donor-advised fund.
- Following the transaction, Jorden directly owns 408,523 shares of Coterra Energy common stock.
- He also indirectly owns 1,938,200 shares through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of a stock donation, which doesn't inherently indicate positive or negative news for the company's financial health.
Positives
- The donation to a charitable donor-advised fund could be viewed positively from a corporate social responsibility perspective.
Industry Context
Executive stock gifts are not uncommon and can be part of personal financial planning and charitable giving strategies. The impact on the company is generally minimal unless the amount is very large.
Stakeholder Impact
- The donation has a minor positive impact on the charitable organization receiving the gift.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of the transaction: gift of common stock to a charitable donor-advised fund. |
| 03/08/2024 | Date of signature by attorney-in-fact. |
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