4//SEC Filing
James Britton L. 4
Accession 0000950170-24-071463
CIK 0001949543other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 6:12 PM ET
Size
8.7 KB
Accession
0000950170-24-071463
Insider Transaction Report
Form 4
James Britton L.
See Remarks
Transactions
- Tax Payment
Class C Common Stock
2024-06-06−5,769→ 40,488 total - Tax Payment
Sitio Royalties Operating Partnership, LP Units
2024-06-06−5,769→ 40,488 total→ Class A Common Stock (5,769 underlying)
Footnotes (3)
- [F1]Each share of Class C Common Stock has no economic rights but entitles its holder to one vote on all matters to be voted on by shareholders generally. The terms of the Second Amended and Restated Agreement of Limited Partnership of Sitio Royalties Operating Partnership, LP (the "Partnership") provide that, subject to certain restrictions contained therein, each holder of common units representing limited partnership interests in the Partnership ("OpCo Units") (other than the Issuer) generally has the right to cause the Partnership to redeem all or a portion of its OpCo Units (the "Redemption Right") in exchange for shares of Class A Common Stock of the Issuer on a one-for-one basis or, at the Partnership's election, an equivalent amount of cash.
- [F2](Continued from Footnote 1) In connection with any redemption of OpCo Units pursuant to the Redemption Right, the corresponding number of shares of the Class C Common Stock will be cancelled. The OpCo Units and the right to exercise the Redemption Right have no expiration date.
- [F3]The OpCo Units listed in Table II were forfeited and a corresponding number of shares of Class C Common Stock listed in Table I were cancelled to satisfy the tax withholding obligations of the Reporting Person in connection with the vesting of a portion of the Class C Common Stock held by the Reporting Person.
Documents
Issuer
Sitio Royalties Corp.
CIK 0001949543
Entity typeother
Related Parties
1- filerCIK 0001891757
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 6:12 PM ET
- Size
- 8.7 KB