0001528129-22-000059.txt : 20220308
0001528129-22-000059.hdr.sgml : 20220308
20220308161636
ACCESSION NUMBER: 0001528129-22-000059
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220304
FILED AS OF DATE: 20220308
DATE AS OF CHANGE: 20220308
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Denny Mark David
CENTRAL INDEX KEY: 0001772798
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 22721958
MAIL ADDRESS:
STREET 1: 2212 E 46TH STREET
CITY: TULSA
STATE: OK
ZIP: 74015
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Laredo Petroleum, Inc.
CENTRAL INDEX KEY: 0001528129
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 453007926
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE 900
CITY: TULSA
STATE: OK
ZIP: 74119
BUSINESS PHONE: 918-513-4570
MAIL ADDRESS:
STREET 1: 15 W. SIXTH STREET
STREET 2: SUITE 900
CITY: TULSA
STATE: OK
ZIP: 74119
FORMER COMPANY:
FORMER CONFORMED NAME: Laredo Petroleum Holdings, Inc.
DATE OF NAME CHANGE: 20110816
4
1
wf-form4_164677417760054.xml
FORM 4
X0306
4
2022-03-04
0
0001528129
Laredo Petroleum, Inc.
LPI
0001772798
Denny Mark David
15 W. 6TH STREET, SUITE 900
TULSA
OK
74119
0
1
0
0
SVP, Gen. Counsel & Secretary
Common Stock
2022-03-04
4
F
0
1455
83
D
28023
D
Performance Units
2023-03-05
Performance Units
11878.0
11878
D
Performance Units
2024-03-09
Performance Units
11419.0
11419
D
Performance Units
2025-02-22
Performance Units
6763.0
6763
D
Stock Option (Right to buy)
82.0
2017-02-19
2026-02-19
Common Stock
1338.0
1338
D
Stock Option (Right to buy)
282.4
2018-02-17
2027-02-17
Common Stock
504.0
504
D
Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. The performance units will be payable, if at all, in cash based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2022. The final amount of cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range of 0% to 200%.
These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. The performance units will be payable, if at all, in cash based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction and (iv) growth in inventory, over a three-year performance period ending December 31, 2023. The final amount of cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range of 0% to 225%.
These performance units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance unit represents a share of common stock. The performance units will be payable, if at all, in common stock, cash, or a combination of common stock and cash, to be determined in the discretion of the Issuer's Compensation Committee, based upon (i) the Issuer's total shareholder return measured against an industry peer group, (ii) on an absolute share return basis, (iii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iv) growth in inventory and (v) emissions reduction, over a three-year performance period ending December 31, 2024. The final number of shares of common stock or cash earned is dependent on the performance of the stock price and the factors identified herein with the performance unit multiple having a range from 0% to 225%.
This stock option was granted under the Issuer's Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant.
/s/ Mark D. Denny
2022-03-08