X0306 4 2020-01-10 0000077877 PDC ENERGY, INC. PDCE 0001471391 Lauck Lance 1775 SHERMAN STREET, SUITE 3000 DENVER CO 80203 1 EVP, Corp. Dev. & Strategy Common Stock 2020-01-10 4 M 0 4458 A 110279 D Common Stock 2020-01-10 4 F 0 1529 25.27 D 108750 D Common Stock 3498 I By 401(k) Plan Performance Share Rights 2020-01-10 4 M 0 4458 D 2019-12-31 Common Stock 4458 0 D Each performance share/right represented a contingent right to receive shares of PDC Energy, Inc. common stock upon achievement of specified minimum thresholds of total shareholder return (TSR) compared to certain peers measured in December of 2019, as described in the related grant agreement. Shares granted represent a 100% payout on previously awarded performance shares/rights. Represents shares of common stock surrendered to issuer to cover tax withholding obligation of the reporting person upon settlement of performance shares/rights. 401(k) Plan holdings as of January 10, 2020. /s/ Nicole L. Martinet, by power of attorney 2020-01-14