Wesson Daniel N 4
Research Summary
AI-generated summary
Diamondback (FANG) Exec. VP & COO Daniel N. Wesson Sells Shares
What Happened
- Daniel N. Wesson, Executive Vice President & Chief Operating Officer of Diamondback Energy (FANG), sold a total of 20,000 shares in open-market transactions on March 6, 2026. Reported disposals were 19,800 shares at a reported price of $181.10 (proceeds reported $3,585,772) and 200 shares at $181.78 (proceeds reported $36,355), for combined proceeds of approximately $3,622,127. These were sales (transaction code S), not purchases or option exercises.
Key Details
- Transaction date: March 6, 2026.
- Reported prices and proceeds: 19,800 shares @ $181.10 (reported $3,585,772); 200 shares @ $181.78 (reported $36,355); total ≈ $3.62M.
- Footnote: The price reported is a weighted-average sale price; the sales were executed in multiple trades at prices ranging from $180.745 to $181.53 per share (reporting person will provide per-price breakdown on request).
- Shares owned after the transaction: not provided in the summary data supplied.
- Filing timeliness: Form 4 filed March 10, 2026 for a March 6 transaction — within the two-business-day SEC filing requirement (filed on time).
Context
- These were open-market sales, which are often routine (e.g., diversification or liquidity) and do not by themselves indicate company outlook. No option exercises, awards, or gifts were reported in this filing.