March 4, 2024 · Form 4 insider transaction
Parker Russell E. bought 83,776 shares of Callon Petroleum Company, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
On March 4, 2024, the reporting person was granted 83,776 Restricted Stock Units ("RSUs"). The award terms specify that 50% of the RSUs will be payable in common stock, with one-third ratable vesting each year subsequent to the award year. Of the 50% payable in common stock, the first tranche will vest on April 1, 2025; the second tranche will vest on April 1, 2026; and the third and final tranche will vest on April 1, 2027. The remaining 50% of the RSUs will be payable in cash, with such RSUs cliff vesting in full on April 1, 2027.; RSUs convert into common stock on a one-for-one basis.