Form 4: Coterra Energy Director Hans Helmerich Receives Annual Restricted Stock Award

Director Hans Helmerich received an annual award of restricted stock units from Coterra Energy as compensation for his duties as a director.

Summary

• Hans Helmerich, a director of Coterra Energy Inc., received an annual award of 9,293 restricted stock units on May 7, 2025, as compensation for his role as a director.
• The restrictions on these units will lapse on the earlier of his termination of service as a director (other than due to removal) or May 1, 2026.
• Following this transaction, Helmerich directly owns 77,735 shares of Coterra Energy common stock.
• He also has indirect ownership through various trusts and entities, including The Helmerich Trust (91,145 shares), Saddleridge, LLC (40,146 shares), shares held by his wife (45,967 shares), the Peggy Helmerich QTIP Trust (1,304,895 shares), the 1993 Hans Helmerich Trust (229,774 shares), Helmerich Grandchildren LLC (44,409 shares), and a Family Trust (31,573 shares).

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral but positive signal.

Positives

• The award of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service as a director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages vary widely across the energy industry, but restricted stock units are a common component.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also utilize equity-based compensation for their directors.
• The specific number of units awarded depends on factors such as company size, performance, and director responsibilities.

Stakeholder Impact

• Shareholders may view the equity compensation positively as it aligns the director's interests with the company's long-term performance.
• Employees may see this as a sign of stability and commitment from the board of directors.

Key Dates

Keywords

Coterra Energy, Director, Hans Helmerich, Restricted Stock Units, Compensation, Beneficial Ownership, Form 4, Securities, Shares, Trusts