February 6, 2025 · Form 4 insider transaction
Leitzell Jeffrey R. bought 12,983 shares of EOG Resources, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
The Reporting Person received an award of 10,387 restricted stock units with performance-based conditions ("Performance Units") on Sept. 27, 2021 ("2021 Award"). The applicable performance metric is the total shareholder return ("TSR") of the Issuer over a 3-year performance period (Jan. 2022 - Dec. 2024) relative to the TSR of each of the Issuer's 9 designated peer companies. Pursuant to the award agreement, between 0% and 200% of the award could be earned based on the Issuer's TSR rank for such performance period. The Issuer's TSR rank and performance multiple (as certified by the Issuer's Compensation and Human Resources Committee on Feb. 6, 2025) was 4 and 125%, respectively. Accordingly, 2,596 Performance Units have been added to the 2021 Award and 12,983 aggregate Performance Units will "cliff" vest on Feb. 28, 2025. The shares of the Issuer's common stock represented by such Performance Units will be distributed to the Reporting Person following such vesting date.