Arthur T. Smith - Feb 19, 2024 Form 4 Insider Report for Berry Corp (bry) (BRY)

Role
Executive Chairman, Director
Signature
Arthur T. Smith, by Jordan D. Scott, as attorney-in-fact
Stock symbol
BRY
Transactions as of
Feb 19, 2024
Transactions value $
-$365,419
Form type
4
Date filed
2/21/2024, 09:08 PM
Previous filing
Aug 18, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BRY Common Stock Options Exercise +83.5K +16.24% 598K Feb 19, 2024 Direct F1
transaction BRY Common Stock Tax liability -$216K -31.7K -5.3% $6.83 566K Feb 19, 2024 Direct
transaction BRY Common Stock Options Exercise +58.4K +10.32% 624K Feb 19, 2024 Direct F2
transaction BRY Common Stock Tax liability -$149K -21.8K -3.49% $6.83 603K Feb 19, 2024 Direct

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
transaction BRY Restricted Stock Units 2021 Options Exercise $0 -83.5K -100% $0.00* 0 Feb 19, 2024 Common Stock 83.5K Direct F1
transaction BRY Restricted Stock Units 2022 Options Exercise $0 -58.4K -50% $0.00 58.4K Feb 19, 2024 Common Stock 58.4K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2021, subject to the continued employment of the Reporting Person.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of common stock, par value $0.001 per share, of Berry Corporation (bry). One-third of the Restricted Stock Units vest on each of the first three anniversaries of February 19, 2022, subject to the continued employment of the Reporting Person.