Form 4: Coterra Energy Executive Stephen Bell Disposes of Shares to Cover Tax Obligations

Coterra Energy's EVP of Business Development, Stephen Bell, disposed of 22,740 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Stephen Bell, EVP of Business Development at Coterra Energy, disposed of 22,740 shares of common stock on January 31, 2025.
• The shares were disposed of at a price of $27.72 per share.
• This transaction was not a sale by Mr. Bell, but rather a withholding by the issuer to cover his tax obligations related to the vesting of restricted stock units.
• Following the transaction, Mr. Bell directly owns 477,786 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 filing related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any significant change in the company's operations or outlook.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical executive compensation practices.
• Many companies use restricted stock units as part of their compensation packages, and the withholding of shares to cover taxes is a common occurrence.

Stakeholder Impact

• The transaction has a neutral impact on shareholders as it is a routine tax-related disposal of shares.

Key Dates

Keywords

Coterra Energy, Stephen Bell, insider trading, Form 4, stock disposal, tax obligations, restricted stock units, equity compensation