4//SEC Filing
Norris Jim 4
Accession 0000950170-24-002195
CIK 0001949543other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 7:01 PM ET
Size
9.9 KB
Accession
0000950170-24-002195
Insider Transaction Report
Form 4
Norris Jim
See Remarks
Transactions
- Tax Payment
Class A Common Stock
2024-01-02$23.63/sh−1,430$33,791→ 31,260 total - Award
Class A Common Stock
2023-12-30+15,313→ 32,690 total - Award
Performance Stock Units
2023-12-30+5,104→ 9,392 total→ Class A Common Stock (5,104 underlying)
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive one share of Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest in equal one-third installments on each of the first three anniversaries of December 30, 2023, subject to the reporting person's continuous service through each vesting date.
- [F2]These shares were withheld by Sitio Royalties Corp. to satisfy the tax withholding obligations of the reporting person in connection with the vesting of the first one-third installment of an award of RSUs on December 30, 2023.
- [F3]Represents the closing price of the Common Stock on the date of the tax withholding.
- [F4]Represents performance stock units ("PSUs") granted to the reporting person pursuant to the LTIP in respect of calendar year 2024. Each PSU represents the right to receive one share of Common Stock. The PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three-year performance period beginning with the last 20 trading days of 2023 through the last 20 trading days of 2026, subject to the reporting person's continuous service through the end of such performance period. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 200% of such target number.
Documents
Issuer
Sitio Royalties Corp.
CIK 0001949543
Entity typeother
Related Parties
1- filerCIK 0001930400
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 7:01 PM ET
- Size
- 9.9 KB