Stice Travis D. 4
Research Summary
AI-generated summary
Diamondback (FANG) Director Travis Stice Receives RSU Award
What Happened
Travis D. Stice, a director of Diamondback Energy, was granted 982 restricted stock units (RSUs) on 2026-05-20. The grant is reported as an award/acquisition at $0.00 (total reported acquisition value $0). This is a compensation grant to a director rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-20; Filing date: 2026-05-21 (timely filing).
- Instrument and amount: 982 RSUs granted; reported acquisition price $0.00.
- Vesting: RSUs vest on the earlier of the one-year anniversary of the grant or the date of the 2027 annual meeting of stockholders (see footnote F1).
- Holdings structure: The securities are held by Stice Investments, Ltd., managed by Stice Management, LLC; Mr. Stice and his spouse own 100% of the membership interests in the manager (footnote F2).
- Shares owned after transaction: Not specified in the provided excerpt — see full Form 4 for total beneficial holdings.
Context
RSUs are a form of equity compensation that represent a contingent right to receive shares in the future; no cash changed hands at grant (hence $0 acquisition price). Director RSU grants are common routine compensation and do not, by themselves, indicate a buy or sell signal.