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Diamondback Energy, Inc.·4

Mar 3, 5:52 PM ET

Barkmann Albert 4

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Diamondback (FANG) Exec VP Albert Barkmann Receives RSUs; Shares Withheld

What Happened

  • Albert Barkmann, Executive Vice President & Chief Engineer of Diamondback Energy (FANG), was awarded a total of 9,930 restricted stock units (RSUs) on March 1, 2026 (3,500 and 6,430 RSUs). At the same time, the company withheld 3,521 shares to satisfy tax-withholding obligations related to RSU vesting/settlement. The withheld shares were recorded as dispositions at $174.08 per share, totaling $612,935. The grants are awards (code A) and the withholdings are tax withholding dispositions (code F).

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely).
  • Awards: 3,500 RSUs and 6,430 RSUs granted (total 9,930 RSUs).
  • Withheld (disposed) shares for taxes: 2,440 + 281 + 340 + 460 = 3,521 shares at $174.08 each; total value withheld ≈ $612,935.
  • Net shares issued after withholding (9,930 granted − 3,521 withheld): 6,409 shares credited to Barkmann.
  • Notable footnotes:
    • F3: Performance-based RSUs for 2023–2025 performance period vested and settled March 1, 2026 after committee certification.
    • F4–F7: The withheld shares reflect tax withholding for performance and time-based tranches (grants from 2023–2025); withholding prices were determined using closing prices on specified Feb 27 dates.
    • F1 & F5–F7: Some awards are time-based RSUs with future vesting schedules (e.g., certain RSUs vest in installments beginning March 1, 2027).
    • F2: Reporting person corrected a prior de minimis overstatement of shares beneficially owned; the filing updates the post-transaction ownership accordingly.
  • Filing timeliness: Filed within the typical Form 4 window (March 1 transaction, March 3 filing) — not indicated as late.

Context

  • These transactions are award grants and internal tax-withholdings, not open-market purchases or sales. The withheld shares represent a cashless method to satisfy tax obligations upon vesting (routine), not a market sale that would indicate a decision to liquidate shares.
  • Codes: A = award/grant; F = payment of exercise price or tax liability (here, share withholding to cover taxes).