0001528129-24-000055.txt : 20240222
0001528129-24-000055.hdr.sgml : 20240222
20240222170706
ACCESSION NUMBER: 0001528129-24-000055
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: Lemmerman Bryan
CENTRAL INDEX KEY: 0001700959
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35380
FILM NUMBER: 24665975
MAIL ADDRESS:
STREET 1: 6100 N. WESTERN AVENUE
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73118
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_1708639598.xml
FORM 4
X0508
4
2024-02-20
0
0001528129
Vital Energy, Inc.
VTLE
0001700959
Lemmerman Bryan
521 E. 2ND STREET, SUITE 1000
TULSA
OK
74120
0
1
0
0
EVP & CFO
0
Common Stock
2024-02-20
4
A
0
28842
43.34
A
92646
D
Performance Units
2024-02-20
4
A
0
28841
0
A
2027-02-20
Common Stock
28841
28841
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/ Mark D. Denny as attorney-in-fact for Bryan J. Lemmerman
2024-02-22