Form 4: Coterra Energy SVP Michael DeShazer Acquires Restricted Stock and Performance Stock Units
SEC Form 4 Filing
Michael D. DeShazer, SVP of Business Units at Coterra Energy, reports acquisition of restricted stock units and performance stock units on February 19, 2025.
Summary
- On February 19, 2025, Michael D. DeShazer, SVP Business Units at Coterra Energy Inc., acquired 47,927 shares of common stock in the form of restricted stock units.
- These restricted stock units vest on January 31, 2028.
- DeShazer also acquired 47,927 performance stock units, which represent a contingent right to receive one share of common stock (up to 100% of the units awarded) and cash equal to the Fair Market Value of one share of common stock for vesting above 100%.
- The performance stock units vest between 0% and 200% based on performance criteria over a three-year period from February 1, 2025, to January 31, 2028.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual information about stock transactions.
Positives
- The acquisition of restricted stock units and performance stock units aligns the executive's interests with the long-term performance of the company.
Future Outlook
The vesting of the performance stock units is contingent upon the achievement of certain performance criteria over a three-year period, indicating a focus on future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation practices at Coterra Energy.
Stakeholder Impact
- The acquisition of stock units by a company executive can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/19/2025 | Date of transaction: Acquisition of restricted stock units and performance stock units. |
| 02/01/2025 | Start date of the three-year performance period for performance stock units. |
| 01/31/2028 | Vesting date for the restricted stock units and end date of the three-year performance period for performance stock units. |
| 02/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Coterra Energy, Form 4, Insider Trading, Stock Units, Performance Stock Units, Restricted Stock Units, Michael DeShazer, Executive Compensation
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