Form 4: Coterra Energy Director Dan O. Dinges Reports Share Transactions
SEC Form 4 Filing
Director Dan O. Dinges reports acquisition and disposal of Coterra Energy Inc. shares related to performance share vesting and tax obligations.
Summary
- On February 10, 2025, Director Dan O. Dinges reported transactions involving Coterra Energy Inc. common stock.
- These transactions include the conversion of 115,731 performance shares into common stock and the withholding of 45,870 shares by the issuer to cover tax obligations.
- Following these transactions, Dinges directly owns 3,229,376 shares of common stock and indirectly owns 1,261,330 shares held by a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions are part of a pre-existing compensation plan, indicating a neutral sentiment.
Future Outlook
The document does not contain specific forward-looking statements beyond the reporting of the transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the energy sector and other publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- The vesting of performance shares incentivizes the director to achieve company performance goals.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Reporting person received a grant of performance shares. |
| 02/01/2022 | Start of the three-year performance period for the performance share award. |
| 01/31/2025 | End of the three-year performance period for the performance share award. |
| 02/10/2025 | Date of transaction: conversion of performance shares and tax withholding. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Coterra Energy, CTRA, Dan O. Dinges, Form 4, Beneficial Ownership, Performance Shares, Director, Stock Transactions
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