Form 4: Coterra Energy SVP Operations, Blake A. Sirgo, Reports Changes in Beneficial Ownership

Blake A. Sirgo, SVP Operations at Coterra Energy, reports the vesting of performance shares and related tax withholding.

Summary

• On February 10, 2025, Blake A. Sirgo, SVP Operations at Coterra Energy, reported changes in beneficial ownership of Coterra Energy Inc. [CTRA] common stock.
• The transactions involved the vesting of performance shares awarded on February 28, 2022, based on the achievement of certain performance criteria over a three-year period ending January 31, 2025.
• 25,718 shares of common stock were acquired upon the vesting of the performance shares.
• 10,121 shares were withheld by the issuer to satisfy the reporting person's tax obligations at a price of $27.72 per share.
• Following these transactions, Sirgo directly owns 161,066 shares of Coterra Energy common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects the vesting of performance shares, indicating the achievement of certain company goals. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The vesting of performance shares indicates the achievement of certain performance criteria by the company.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the ownership changes of company executives.

Stakeholder Impact

• The vesting of performance shares aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates

Keywords

Coterra Energy, CTRA, Form 4, Beneficial Ownership, Performance Shares, Vesting, Tax Withholding, Insider Transaction, Sirgo, Operations