X0306
4
2021-02-25
0
0001528129
Laredo Petroleum, Inc.
LPI
0001815749
Wren Jessica R
15 WEST 6TH STREET
SUITE 900
TULSA
OK
74119
0
1
0
0
Int. Principal Acctg Officer
Common Stock
2021-02-25
4
M
0
65
37.93
A
1536
D
Common Stock
2021-02-25
4
F
0
24
37.93
D
1512
D
Common Stock
2021-02-26
4
F
0
149
32.59
D
1363
D
Performance Units
2021-02-25
4
M
0
152
0
A
2021-02-16
Common Stock
152.0
0
D
Performance Units
2022-02-28
Common Stock
386.0
386
D
Stock Option (Right to buy)
346.8
2014-02-15
2023-02-15
Common Stock
126.0
126
D
These performance share units were granted under the Issuer's Omnibus Equity Incentive Plan and were originally reported on a Form 3 filed by the Issuer on June 23, 2020. Each performance share unit represents a share of common stock. The performance share units became payable in common stock, based upon the Issuer's total shareholders return measured (i) against an industry peer group, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2020. Based on the actual performance criteria satisfied, 43% of the shares were issued, resulting in the issuance of 65 shares of common stock.
Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted shares and performance share units previously granted to the Reporting Person under the Issuer's Omnibus Equity Incentive Plan.
These performance share units are granted under the Issuer's Omnibus Equity Incentive Plan. Each performance share unit represents a share of common stock. The performance share 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, (ii) on an absolute share return basis and (iii) based on a return on average capital employed metric, over a three-year performance period ending December 31, 2021. The final number of shares of common stock earned can range from 0% to 200% of the performance share units.
This stock option is granted under the Issuer's Omnibus Equity Incentive Plan and is exercisable as to 25% on each of the first four anniversaries of the date of the grant.
/s/ Mark D. Denny, as attorney-in-fact for Jessica R. Wren
2021-03-01