Jeffrey S. Kelly - Aug 14, 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
Stock symbol: CIVI
Transactions as of: Aug 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/15/2023, 09:34 PM
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock	Award	$0	+8.25K		$0.00	8.25K	Aug 14, 2023	Direct	F1
transaction	CIVI	Common Stock	Award	$0	+5.36K	+65%	$0.00	13.6K	Aug 14, 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	+12.5K		$0.00	12.5K	Aug 14, 2023	Common Stock	12.5K		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.