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: SCHROEDER SCOTT C (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-01	Common Stock	A	28056	—	Acquired	1648010	Direct
2021-10-01	Common Stock	F	11041	$22.25	Disposed	1636969	Direct
2021-10-01	Common Stock	M	104208	—	Acquired	1741177	Direct
2021-10-01	Common Stock	F	41006	$22.25	Disposed	1700171	Direct
2021-10-01	Common Stock	A	67308	—	Acquired	1767479	Direct
2021-10-01	Common Stock	F	26486	$22.25	Disposed	1740993	Direct
2021-10-01	Common Stock	M	166667	—	Acquired	1907660	Direct
2021-10-01	Common Stock	F	65584	$22.25	Disposed	1842076	Direct
2021-10-01	Common Stock	A	78175	—	Acquired	1920251	Direct
2021-10-01	Common Stock	F	30762	$22.25	Disposed	1889489	Direct
2021-10-01	Common Stock	M	145183	—	Acquired	2034672	Direct
2021-10-01	Common Stock	F	57130	$22.25	Disposed	1977542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-01	Performance Shares	$0.00	M	104208	Disposed	2021-10-01	Common (104208)	Direct
2021-10-01	Performance Shares	$0.00	M	166667	Disposed	2021-10-01	Common (166667)	Direct
2021-10-01	Performance Shares	$0.00	M	145183	Disposed	2021-10-01	Common (145183)	Direct

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.