0001528129-24-000051.txt : 20240222 0001528129-24-000051.hdr.sgml : 20240222 20240222170446 ACCESSION NUMBER: 0001528129-24-000051 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240220 FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240222 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hill Kathryn Anne CENTRAL INDEX KEY: 0002001667 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35380 FILM NUMBER: 24665928 MAIL ADDRESS: STREET 1: 521 E. 2ND STREET, SUITE 1000 CITY: TULSA STATE: OK ZIP: 74120 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Vital Energy, Inc. CENTRAL INDEX KEY: 0001528129 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 453007926 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 521 E. SECOND STREET SOUTH STREET 2: SUITE 1000 CITY: TULSA STATE: OK ZIP: 74120 BUSINESS PHONE: 918-513-4570 MAIL ADDRESS: STREET 1: 521 E. SECOND STREET SOUTH STREET 2: SUITE 1000 CITY: TULSA STATE: OK ZIP: 74120 FORMER COMPANY: FORMER CONFORMED NAME: Laredo Petroleum, Inc. DATE OF NAME CHANGE: 20140102 FORMER COMPANY: FORMER CONFORMED NAME: Laredo Petroleum Holdings, Inc. DATE OF NAME CHANGE: 20110816 4 1 wk-form4_1708639461.xml FORM 4 X0508 4 2024-02-20 0 0001528129 Vital Energy, Inc. VTLE 0002001667 Hill Kathryn Anne 521 E. 2ND STREET, SUITE 1000 TULSA OK 74120 0 1 0 0 SVP & Chief Operating Officer 0 Common Stock 2024-02-20 4 A 0 17305 43.34 A 31453 D Performance Units 2024-02-20 4 A 0 17305 0 A 2027-02-20 Common Stock 17305 17305 D These restricted shares are granted under the Issuer's Omnibus Equity Incentive Plan and will vest in three equal annual installments beginning on the first anniversary date of the grant. 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 on an absolute share return basis, (ii) earnings before interest, taxes, depreciation, amortization and exploration expense divided by three-year total debt reduction, (iii) growth in inventory and (iv) emissions reduction, over a three-year performance period ending December 31, 2026. 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%. /s/ Kathryn A. Hill 2024-02-22