A Coterra Energy executive filed reports this week showing he sold company shares for more than $1.7 million.
The filing with the U.S. Securities and Exchange Commission indicated the sale was by Steven W. Lindeman, Senior Vice President of Production and Operations for Coterra.
The filing showed the sale was made on May 26 and the price of $35.55 per share was a weighted average price. The 50,000 shares were sold in multiple transactions at prices ranging from $35.54 to $35.59, netting $1,777,500.
Lindeman is Senior Vice President for Production and Operations, following his tenure at Cabot Oil & Gas Corporation. Since 1982, he served in multiple roles with Cabot, beginning his career as a Drilling Engineer in Meadville, Pennsylvania and then serving in various management positions in several Cabot regional offices in Texas and Pennsylvania, before moving to the corporate office in Houston in 1992.
