Thomas Hodge Walker - 05 Apr 2023 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Chief Operating Officer
Signature: By: Rosemary Morice, Attorney-in-Fact For: Thomas Hodge Walker
Issuer symbol: CIVI
Transactions as of: 05 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Apr 2023, 16:43:16 UTC
Next filing: 21 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock	Award	$0	+22,538		$0.000000	22,538	05 Apr 2023	Direct	F1
transaction	CIVI	Common Stock	Award	$0	+10,345	+46%	$0.000000	32,883	05 Apr 2023	Direct	F1

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	CIVI	Performance Share Units	Award	$0	+24,138		$0.000000	24,138	05 Apr 2023	Common Stock	24,138		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units are scheduled to vest in three equal installments on April 5, 2024, April 5, 2025, and April 5, 2026.
F2	The number of performance stock units that could be earned and vest under this grant depend on the Issuer's absolute total shareholder return over the performance period beginning on January 1, 2023 and ending on December 31, 2025. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.