Form 4: Coterra Energy Director Hans Helmerich Reports Share Transfers

Director Hans Helmerich reported a transfer of 3,925 shares of Coterra Energy stock, with no monetary value, while also detailing his indirect holdings through various trusts and entities.

Summary

• Hans Helmerich, a director at Coterra Energy, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates a transfer of 3,925 shares of common stock, with a reported price of $0.
• The filing also outlines Mr. Helmerich's indirect ownership through several trusts and entities, including the 1993 Hans Helmerich Trust, The Helmerich Trust, Saddleridge, LLC, and the Peggy Helmerich QTIP Trust.
• Mr. Helmerich's total indirect holdings amount to 1,586,477 shares across these various entities.
• The report also lists direct holdings of 68,442 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company director, which is standard practice in the energy sector and required by the SEC.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, including directors and officers, to report changes in their beneficial ownership of company stock.
• The level of detail provided in this filing, including the breakdown of indirect holdings through various trusts and entities, is typical for such disclosures.
• Similar filings can be seen from directors and officers of other energy companies such as EOG Resources, Pioneer Natural Resources, and Devon Energy.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates

Keywords

Coterra Energy, Form 4, Beneficial Ownership, Hans Helmerich, Director, Stock Transfer, Indirect Holdings, Trusts