Barkmann Albert 4
Research Summary
AI-generated summary
Diamondback (FANG) Exec VP Albert Barkmann Sells 3,000 Shares
What Happened
Albert Barkmann, Executive Vice President and Chief Engineer of Diamondback Energy, sold 3,000 shares of Diamondback common stock in an open-market transaction on May 15, 2026. The reported weighted-average sale price was $204.04 per share, generating gross proceeds of approximately $612,113. This transaction is a sale (Form 4 code "S") and does not by itself indicate the insider's view on the company's prospects.
Key Details
- Transaction date: May 15, 2026. Form 4 filed May 19, 2026 (filed within the typical two-business-day window after the trade).
- Price: Weighted average $204.04 per share; price range reported in the footnote was $204.00 to $204.07 per share.
- Shares sold: 3,000; gross proceeds ≈ $612,113.
- Shares owned after transaction: Not specified in the provided excerpt of the filing (see the full Form 4 for post-transaction holdings).
- Footnote: The filing notes the $204.04 is a weighted-average sale price and that shares were sold in multiple transactions at prices from $204.00 to $204.07; the reporting person will provide a breakdown on request.
- No 10b5-1 trading plan, tax-withholding, or other special disposition terms were disclosed in the provided data.
Context
Sales by company executives are common and can occur for many personal or routine reasons; they are not definitive indicators of company performance. For purchases, grants, or option exercises different signals may apply; this report documents a straightforward open-market sale. For full context on Barkmann’s total holdings and any related disclosures, review the complete Form 4 filing.