Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | STR | Class A Common Stock | Award | $0 | +22.3K | +56.95% | $0.00 | 61.5K | Mar 1, 2023 | Direct | F1 |
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 | +67K | +134.44% | $0.00 | 117K | Mar 1, 2023 | Class A Common Stock | 67K | Direct | F2 |
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 Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest in equal one-third installments on each of the first three anniversaries of March 1, 2023, subject to the reporting person's continuous service through each vesting date. |
F2 | Represents performance stock units ("PSUs") granted to the reporting person pursuant to the LTIP in respect of calendar year 2023. 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 with the last 20 trading days of 2022 through the last 20 trading days of 2025, 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. |
Executive Vice President of Engineering and Acquisitions