Form 4: Coterra Energy EVP Vests Performance Shares

Coterra Energy's EVP of Operations, Michael D. DeShazer, vested 28,261 performance shares and had 11,121 shares withheld for tax obligations.

Summary

• Michael D. DeShazer, EVP Operations at Coterra Energy Inc. (CTRA), reported changes in beneficial ownership of common stock.
• On February 5, 2026, 28,261 shares of common stock were acquired due to the vesting of performance shares.
• These performance shares were granted on February 21, 2023, with a three-year performance period from February 1, 2023, to January 31, 2026.
• The Compensation Committee certified the achievement of performance criteria, leading to the full vesting of the common stock portion of the award.
• Following the vesting, 11,121 shares of common stock were disposed of at a price of $28.85 per share to satisfy tax obligations.
• After these transactions, Michael D. DeShazer beneficially owns 132,528 shares of Coterra Energy common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive. The vesting of performance shares indicates that the company met its performance targets, which is a good sign for operational execution. However, it is a routine compensation event and not a direct indicator of new strategic developments.

Positives

• The vesting of performance shares indicates that Coterra Energy's Compensation Committee certified the achievement of certain performance criteria over the three-year period, reflecting positive operational or financial performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings detailing executive compensation, such as performance share vesting and subsequent tax withholdings, are routine disclosures in the energy sector and across publicly traded companies. These transactions reflect the execution of pre-established compensation plans tied to company performance.

Stakeholder Impact

• Shareholders: The vesting and tax withholding are routine executive compensation events and have a minimal, non-dilutive impact on existing shareholders. The achievement of performance targets for vesting could be viewed positively.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of performance shares and subsequent tax withholding. While the vesting indicates the achievement of performance targets, it does not present new information that would fundamentally alter the investment thesis for Coterra Energy. Therefore, a seasoned investor would likely maintain their current position based solely on this filing.

Keywords

Coterra Energy, CTRA, Insider Transaction, Form 4, Performance Shares, Executive Compensation, Stock Vesting, Beneficial Ownership