REEVES ROBERT K 4

What Happened Robert K. Reeves, a director of Diamondback Energy, was granted 982 restricted stock units (RSUs) on 2026-05-20. The Form 4 reports the award at $0.00 per unit (total reported value $0), reflecting a grant of contingent rights to receive common stock rather than an open‑market purchase.

Key Details

• Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely).
• Grant: 982 RSUs; reported acquisition price $0.00 (award/grant code A).
• Shares owned after transaction: not reported in the provided extract.
• Footnote: These are restricted stock units, each convertible to one share upon vesting. Vesting occurs on the earlier of the one‑year anniversary of the grant or the date of the 2027 annual meeting (annual non‑employee director grant).
• No 10b5‑1 plan, tax‑withholding sale, or exercise/sale noted in this filing.

Context RSU grants to non‑employee directors are routine compensation and represent a future entitlement to shares if vesting conditions are met. Such awards are different from open‑market purchases or sales and should not be interpreted alone as a direct buy/sell signal about the director’s view of the company.