Form 4: Coterra Energy Executive Sells Shares to Cover Tax Obligations

A Coterra Energy executive, Kevin William Smith, sold 7,009 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Kevin William Smith, a Senior Vice President and Chief Technology Officer at Coterra Energy, disposed of 7,009 shares of common stock on January 31, 2025.
• The shares were sold at a price of $27.72 per share.
• This transaction was not a direct sale by Mr. Smith, but rather shares withheld by the company to cover his tax obligations related to the vesting of restricted stock units.
• Following the transaction, Mr. Smith beneficially owns 70,066 shares of Coterra Energy common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations on vesting restricted stock units is standard practice across publicly listed companies.
• Many companies in the energy sector, such as EOG Resources and Pioneer Natural Resources, use similar compensation structures and practices.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

Keywords

Coterra Energy, insider trading, stock sale, executive compensation, tax obligations, restricted stock units, CTRA