Garbiso Sandra 4
4 · CIVITAS RESOURCES, INC. · Filed Jan 24, 2022
Insider Transaction Report
Form 4
Garbiso Sandra
Vice President and CAO
Transactions
- Award
Common Stock
2022-01-21+10,026→ 32,396 total - Tax Payment
Common Stock
2022-01-21$53.67/sh−4,519$242,535→ 27,877 total
Footnotes (2)
- [F1]In May of 2019 the reporting person was granted a performance unit award with a performance period beginning on January 1, 2019 and ending on December 31, 2021, based on the Issuer's absolute and relative total shareholder return ("TSR") and its return on capital employed ("ROCE"), as further specified in the award agreement. The actual number of shares that may vest ranges from zero to 200% of the target number of shares. On January 21, 2022, the Compensation Committee determined that there was: (1) no payout with respect to the ROCE-based performance units, and (2) a 200% payout with respect to the TSR-based performance units.
- [F2]Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.