Van't Hof Matthew Kaes 4

What Happened

• Matthew Van't Hof, CEO of Diamondback Energy (FANG), had restricted stock units and performance-based restricted stock units vest/settle on March 1, 2026. He was issued three award lots totaling 63,573 shares (grants recorded at $0.00 per share). To satisfy tax-withholding obligations, the company withheld 23,212 shares and disposed of those shares at $174.08 each, generating roughly $4,040,745 to cover taxes.
• Transaction codes: A = award/grant (acquisition of 63,573 shares); F = shares withheld/removed to pay taxes (23,212 shares disposed).

Key Details

• Transaction date: March 1, 2026. Form 4 filed March 3, 2026 (timely).
• Awards received: 24,501; 36,436; and 2,636 shares (total 63,573) recorded as acquisitions at $0.00.
• Shares withheld (disposed) for tax: 14,338; 3,214; 1,446; 1,302; 1,182; 1,038; and 692 — total 23,212 shares at $174.08 each = ~$4,040,745.
• Net new shares added to Van't Hof’s holdings (after withholding): ~40,361 shares.
• Footnotes: awards include time‑based RSUs and performance‑based RSUs (performance periods certified by the compensation committee). Multiple footnotes explain these awards originate from grants dated March 1 in various years (2019, 2023, 2024, 2025, 2026) and that withheld share counts were based on the closing share price on Feb 27, 2026.
• Filing timeliness: no late filing flag; appears routine.

Context

• These transactions reflect vesting/settlement of RSUs and PSUs, not an open‑market sale or purchase. The F code here denotes tax‑withholding (company withheld shares that would otherwise be issued to satisfy tax obligations) — a common administrative step when equity awards vest.
• Performance awards were certified as earned (some are multi‑year tranches); withholding reduces the net shares delivered to the insider and does not necessarily indicate buying or selling sentiment.