Form 4: Coterra Energy SVP Operations, Blake A. Sirgo, Reports Stock Transaction

Blake A. Sirgo, SVP of Operations at Coterra Energy, had 7,008 shares of common stock withheld by the company to cover tax obligations related to vesting restricted stock units.

Summary

• Blake A. Sirgo, Senior Vice President of Operations at Coterra Energy, reported a transaction involving the company's common stock.
• On January 31, 2025, 7,008 shares of common stock were withheld by Coterra Energy to satisfy Mr. Sirgo's tax obligations.
• This withholding was related to the vesting of previously disclosed restricted stock units.
• The price per share for the transaction was $27.72.
• Following the transaction, Mr. Sirgo beneficially owns 145,469 shares of Coterra Energy common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment about the company's performance or outlook.

Industry Context

This is a routine filing related to executive compensation and is 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 typical for executives receiving stock-based compensation.
• Similar transactions are regularly reported by executives at other energy companies such as EOG Resources, Pioneer Natural Resources, and Devon Energy.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is a standard tax withholding related to executive compensation.

Key Dates

Keywords

Coterra Energy, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Obligations, Form 4, Insider Trading