Foschi Marianella 4
4 · CIVITAS RESOURCES, INC. · Filed Feb 21, 2024
Insider Transaction Report
Form 4
Foschi Marianella
CFO & Treasurer
Transactions
- Award
Common Stock
2024-02-19+11,337→ 40,295 total - Tax Payment
Common Stock
2024-02-19$63.09/sh−39,382$2,484,610→ 99,987 total - Award
Performance Share Units
2024-02-19+26,452→ 26,452 totalExp: 2026-12-31→ Common Stock (26,452 underlying) - Award
Common Stock
2024-02-19+99,074→ 139,369 total
Footnotes (4)
- [F1]The restricted stock units are scheduled to vest in three equal installments on February 19, 2025, February 19, 2026, and February 19, 2027.
- [F2]In January 2021, the reporting person was granted a performance unit award with a performance period beginning on January 20, 2021 and ending on January 20, 2024, based on the Issuer's absolute total stockholder return ("TSR") as further specified in the award agreement. The actual number of shares that could be earned and vest ranged from zero to 200% of the target number of shares. On February 19, 2024, the Compensation Committee determined that there was a payout with respect to TSR-based performance units.
- [F3]Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.
- [F4]The number of performance stock units that could be earned and vest under this grant depend on the Issuer's absolute total shareholder return over the performance period beginning on January 1, 2024 and ending on December 31, 2026. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.