Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective April 13, 2021 (the "Grant Date"), Lonestar Resources US Inc. (the "Company") granted awards of restricted stock units ("RSUs") to its executive officers in the amounts set forth below pursuant to its newly adopted 2021 Management Incentive Plan (the "MIP"). Pursuant to the MIP, the Company has reserved 966,184 shares of its Class A common stock for equity compensation awards to employees, directors and other service providers of the Company. The MIP is attached as Exhibit 10.1 hereto and incorporated herein by reference.

Each RSU that was granted to Company officers on the Grant Date represents the right to receive one share of the Company's Class A common stock following the applicable vesting date. RSUs consist of 50% time vesting RSUs and 50% performance vesting RSUs. One third of the time vesting RSUs were vested as of the Grant Date and the remaining time vesting RSUs vest in three equal annual installments. The performance vesting RSUs vest in three equal annual installments, in each case subject to attaining performance conditions for each year to be established by the Company's board of directors.

RSUs were granted to Company officers in the following amounts: Frank Bracken: 200,000 RSUs; Jana Payne: 60,000 RSUs; Jason Werth: 60,000 RSUs; Thomas Olle: 7,500 RSUs.




Item 9.01   Financial Statements and Exhibits.
(d)  Exhibits
Exhibit No.  Description
10.1       Lonestar Resources US Inc. 2021 Management Incentive Plan.

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