Incentive Unit Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| NGP Centennial Follow-On LLC (Follow-On) |
|
| Incentive Units |
|
| Schedule of incentive units activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier I
|
|
Tier II
|
|
Tier III
|
|
Tier IV
|
|
Tier V
|
|
Incentive units at December 31, 2014
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Forfeited
|
|
(5,000)
|
|
(5,000)
|
|
(5,000)
|
|
(5,000)
|
|
(5,000)
|
|
Granted
|
|
919,000
|
|
919,000
|
|
919,000
|
|
919,000
|
|
919,000
|
|
Incentive units at December 31, 2015
|
|
914,000
|
|
914,000
|
|
914,000
|
|
914,000
|
|
914,000
|
|
Vested at December 31, 2015
|
|
121,197
|
|
121,197
|
|
—
|
|
—
|
|
—
|
|
| Centennial Resource Development, LLC (Centennial HoldCo) |
|
| Incentive Units |
|
| Schedule of incentive units activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier I
|
|
Tier II
|
|
Tier III
|
|
Tier IV
|
|
Tier V
|
|
Incentive units at December 31, 2013
|
|
655,000
|
|
655,000
|
|
655,000
|
|
655,000
|
|
655,000
|
|
Forfeited
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Granted
|
|
254,000
|
|
254,000
|
|
254,000
|
|
254,000
|
|
254,000
|
|
Incentive units at December 31, 2014
|
|
909,000
|
|
909,000
|
|
909,000
|
|
909,000
|
|
909,000
|
|
Forfeited
|
|
(6,000)
|
|
(6,000)
|
|
(6,000)
|
|
(6,000)
|
|
(6,000)
|
|
Granted
|
|
11,000
|
|
11,000
|
|
11,000
|
|
11,000
|
|
11,000
|
|
Incentive units at December 31, 2015
|
|
914,000
|
|
914,000
|
|
914,000
|
|
914,000
|
|
914,000
|
|
Vested at December 31, 2015
|
|
370,517
|
|
370,517
|
|
—
|
|
—
|
|
—
|
|
| Centennial Resource Production, LLC (Centennial OpCo) |
|
| Incentive Units |
|
| Schedule of incentive units activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tier I
|
|
Tier II
|
|
Tier III
|
|
Tier IV
|
|
Tier V
|
|
Incentive units at December 31, 2012
|
|
941,252
|
|
—
|
|
935,004
|
|
939,137
|
|
939,137
|
|
Forfeited
|
|
(4,557)
|
|
(1,519)
|
|
(4,557)
|
|
—
|
|
—
|
|
Settled
|
|
(132,322)
|
|
(132,322)
|
|
(132,322)
|
|
(136,681)
|
|
(136,681)
|
|
Granted
|
|
45,877
|
|
984,091
|
|
45,865
|
|
45,893
|
|
45,893
|
|
Incentive units at December 31, 2013
|
|
850,250
|
|
850,250
|
|
843,990
|
|
848,349
|
|
848,349
|
|
Forfeited
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|
Settled
|
|
(866,159)
|
|
(866,159)
|
|
(843,990)
|
|
(848,349)
|
|
(848,349)
|
|
Granted
|
|
15,909
|
|
15,909
|
|
—
|
|
—
|
|
—
|
|
Incentive units at December 31, 2014
|
|
—
|
|
—
|
|
—
|
|
—
|
|
—
|
|