Jeffrey S. Kelly - 14 Aug 2023 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Chief Transformation Officer
Signature: By: Rosemary Morice, Attorney-in-Fact For: Jeffrey S. Kelly
Issuer symbol: CIVI
Transactions as of: 14 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 15 Aug 2023, 21:34:04 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	+8,248		$0.000000	8,248	14 Aug 2023	Direct	F1
transaction	CIVI	Common Stock	Award	$0	+5,361	+65%	$0.000000	13,609	14 Aug 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	+12,509		$0.000000	12,509	14 Aug 2023	Common Stock	12,509		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 August 14, 2024, August 14, 2025, and August 14, 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.