Coterra Energy Inc. — Director's Dealing 2021

Oct 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Coterra Energy Inc. (CTRA)
CIK: 0000858470
Period of Report: 2021-10-01

Reporting Person: Stalnaker Phillip L (SrVP-Marcellus Business Unit)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-01	Common Stock	A	9619	—	Acquired	317599	Direct
2021-10-01	Common Stock	F	4183	$22.25	Disposed	313416	Direct
2021-10-01	Common Stock	M	28858	—	Acquired	342274	Direct
2021-10-01	Common Stock	F	12548	$22.25	Disposed	329726	Direct
2021-10-01	Common Stock	A	23077	—	Acquired	352803	Direct
2021-10-01	Common Stock	F	10034	$22.25	Disposed	342769	Direct
2021-10-01	Common Stock	M	46154	—	Acquired	388923	Direct
2021-10-01	Common Stock	F	20068	$22.25	Disposed	368855	Direct
2021-10-01	Common Stock	A	26911	—	Acquired	395766	Direct
2021-10-01	Common Stock	F	11701	$22.25	Disposed	384065	Direct
2021-10-01	Common Stock	M	40366	—	Acquired	424431	Direct
2021-10-01	Common Stock	F	17552	$22.25	Disposed	406879	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-01	Performance Shares	$0.00	M	28858	Disposed	2021-10-01	Common (28858)	Direct
2021-10-01	Performance Shares	$0.00	M	46154	Disposed	2021-10-01	Common (46154)	Direct
2021-10-01	Performance Shares	$0.00	M	40366	Disposed	2021-10-01	Common (40366)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17876	Indirect

Footnotes

F1: Each performance share represented the right to receive up to one share of common stock, based on certain performance criteria in a three year performance period ending 12/31/2019, 12/31/2020 or 12/31/2021, respectively. In connection with the merger of Cimarex Energy Co. ("Cimarex") with Double C Merger Sub, a Delaware corporation ("Merger sub") and a wholly owned subsidiary of Coterra Energy Inc. ("Coterra," formerly known as Cabot Oil & Gas Corporation ) (such merger, the "Merger"), pursuant to the Agreement and Plan of Merger, dated as of May 23, 2021 by and among Coterra, Merger Sub and Cimarex (as amended on June 29, 2021, the "Merger Agreement"), the performance shares vested on the Effective Time (as defined in the Merger Agreement) at the greater of target or actual performance. The Compensation Committee of the Board of Directors certified the results on 09/28/2021, which resulted in 100% of the stock being paid out for each of the performance shares on the Effective Time.

F2: Based on a statement dated September 30, 2021 for shares held by the reporting person under the Cabot Oil & Gas Savings Investment Plan.