Garbiso Sandra 4
4 · CIVITAS RESOURCES, INC. · Filed Feb 23, 2023
Insider Transaction Report
Form 4
Garbiso Sandra
Vice President and CAO
Transactions
- Tax Payment
Common Stock
2023-02-23$62.05/sh−752$46,662→ 35,659 total - Tax Payment
Common Stock
2023-02-22$61.83/sh−6,656$411,540→ 36,411 total - Award
Common Stock
2023-02-22+15,069→ 43,067 total
Footnotes (3)
- [F1]In June of 2020 the reporting person was granted a performance unit award with a performance period beginning on January 1, 2020 and ending on December 31, 2022, 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 February 22, 2023, the Compensation Committee determined that there was: (1) a 200% payout with respect to the TSR-based performance units, and (2) a 92% payout with respect to the ROCE-based performance units.
- [F2]Represents shares withheld to satisfy tax withholding obligations upon vesting of the performance stock units.
- [F3]Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.