Jessica R. Wren - Sep 1, 2021 Form 4 Insider Report for Laredo Petroleum, Inc. (VTLE)

Role: Int. Principal Acctg Officer
Signature: /s/ Mark D. Denny, as attorney-in-fact for Jessica R. Wren
Stock symbol: VTLE
Transactions as of: Sep 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/8/2021, 04:31 PM
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VTLE	Common Stock	Award	$0	+1.35K	+98.68%	$0.00	2.71K	Sep 1, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	VTLE	Performance Units						386	Sep 1, 2021	Common Stock	386		Direct	F2
holding	VTLE	Stock Option (Right to buy)						126	Sep 1, 2021	Common Stock	126	$346.80	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.