Brett S. Riesenfeld - Jun 10, 2022 Form 4 Insider Report for Sitio Royalties Corp. (STR)

Role
Executive Vice President, General Counsel and Secretary
Signature
/s/ Brett S. Riesenfeld
Stock symbol
STR
Transactions as of
Jun 10, 2022
Transactions value $
$0
Form type
4
Date filed
6/13/2022, 04:10 PM
Previous filing
Jun 8, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STR Class A Common Stock Award $0 +22.6K $0.00 22.6K Jun 10, 2022 Direct F1
transaction STR Class A Common Stock Award $0 +24.9K +110.24% $0.00 47.5K Jun 10, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction STR Performance Stock Units Award $0 +41.5K $0.00 41.5K Jun 10, 2022 Class A Common Stock 41.5K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive one share of the Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest on the first anniversary of June 7, 2022, subject to the reporting person's continuous service through such date.
F2 Represents RSUs granted to the reporting person pursuant to the LTIP in respect of calendar year 2022 . Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest in equal one-third installments on each of the first three anniversaries of June 7, 2022, subject to the reporting person's continuous service through each vesting date.
F3 Represents performance stock units ("PSUs") granted to the reporting person pursuant to the LTIP in respect of calendar year 2022. Each PSU represents the right to receive one share of Common Stock. The PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three-year performance period beginning on June 7, 2022, subject to the reporting person's continuous service through the end of such performance period. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 200% of such target number.

Remarks:

Executive Vice President, General Counsel and Secretary