Stice Travis D. 4

What Happened

• Travis D. Stice, Executive Chairman and Director of Diamondback Energy (FANG), was issued two awards totaling 99,218 restricted stock units (RSUs) on March 1, 2026 (acquired at $0.00). To satisfy tax withholding obligations tied to the vesting/settlement of those RSUs, Diamondback withheld/disposed 41,575 shares on the same date at a reported per-share amount of $174.08, resulting in aggregate withholding proceeds of approximately $7,237,376.

Key Details

• Transaction date: March 1, 2026 (Form 4 filed March 3, 2026).
• Awards: 18,200 RSUs and 81,018 RSUs granted/settled at $0.00 acquisition price.
• Withheld/Disposed (tax withholding): 31,884; 2,881; 4,422; and 2,388 shares — total 41,575 shares × $174.08 = ~$7.24M.
• Footnotes:
  • F1–F2: These are restricted stock units — time-based RSUs vest in three equal installments; performance-based RSUs (grant 3/1/2023) vested for the 2023–2025 performance period and settled 3/1/2026 after committee certification.
  • F3–F6: The withheld-share counts were determined using the issuer’s closing price on February 27 (footnotes cite 2025 or 2026 dates depending on the tranche).
  • F7: Some securities are held through Stice Investments, Ltd., managed by Stice Management, LLC, which Mr. Stice controls.
• Shares owned after transaction: Not specified in the summary provided; see the full Form 4 for aggregate beneficial ownership.
• Timeliness: Form 4 covers March 1 transactions and was filed March 3, 2026; no late filing is indicated in the provided data.

Context

• These were RSU awards and company share-withholdings to satisfy tax liabilities — not open-market sales by the insider. Withholding of shares for taxes (Form 4 code F) is a routine administrative action and does not necessarily indicate a change in insider sentiment.
• Quick glossary: A = Award/Grant; F = Payment of exercise price or tax liability (here, share withholding).