Stice Travis D. 4
Research Summary
AI-generated summary
Viper Energy (VNOM) Director Travis Stice Receives RSU Award
What Happened
- Travis D. Stice, a director of Viper Energy, Inc. (VNOM), was granted 3,612 restricted stock units (RSUs) on May 19, 2026. The Form 4 reports the award price as $0.00 (a grant), so no cash was paid; RSUs represent a contingent right to receive one share of Class A common stock upon vesting.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (filed within two business days).
- Grant: 3,612 RSUs; 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 (per filing footnote).
- Holdings after transaction: Not specified in the filing.
- Ownership structure: The RSUs are held by Stice Investments, Ltd., managed by Stice Management, LLC; Mr. Stice and his spouse own 100% of the membership interests in Stice Management, LLC (per footnote).
- Exhibit: Limited Power of Attorney listed (Exhibit 24.1).
Context
- RSUs are compensation grants that convert to shares upon vesting; they are not open-market purchases or sales and do not require immediate cash outlay. Annual director RSU awards are common and reflect compensation, not necessarily a direct signal about the director’s short-term view of the stock.