James M. Trimble - Nov 1, 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Director
Signature: By: Roberta L. Louis, attorney-in-fact For: James M. Trimble
Stock symbol: CIVI
Transactions as of: Nov 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/2/2021, 07:49 PM
Previous filing: May 17, 2021
Next filing: May 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock	Award	$0	+1.64K		$0.00	1.64K	Nov 1, 2021	Direct	F1
transaction	CIVI	Common Stock	Award	$0	+3.44K	+209.96%	$0.00	5.07K	Nov 1, 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted an award of unrestricted shares of the Issuer's Common Stock on November 1, 2021, pursuant to the Issuer's Independent Director Compensation policy and the Issuer's 2021 Long Term Incentive Plan. The number of shares was determined by dividing the award value of $83,333 by $50.95 (which was the volume weighted average price of a share for the 30-trading day period ending on October 29, 2021).
F2	Represents 3,435 Deferred Stock Units ("DSUs") granted on November 1, 2021, pursuant to the Issuers Independent Director Compensation policy and the Issuer's 2021 Long Term Incentive Plan. The number of DSUs was determined by dividing the award value of $175,000 by $50.95 (the volume weighted average price of a share for the 30-trading day period ending on October 29, 2021, which shall vest one-third on January 1, 2022, one-third on April 1, 2022, and become fully vested on the date of the 2022 annual stockholder meeting.

Content

The Reporting Person was granted an award of unrestricted shares of the Issuer's Common Stock on November 1, 2021, pursuant to the Issuer's Independent Director Compensation policy and the Issuer's 2021 Long Term Incentive Plan. The number of shares was determined by dividing the award value of $83,333 by $50.95 (which was the volume weighted average price of a share for the 30-trading day period ending on October 29, 2021).

Represents 3,435 Deferred Stock Units ("DSUs") granted on November 1, 2021, pursuant to the Issuers Independent Director Compensation policy and the Issuer's 2021 Long Term Incentive Plan. The number of DSUs was determined by dividing the award value of $175,000 by $50.95 (the volume weighted average price of a share for the 30-trading day period ending on October 29, 2021, which shall vest one-third on January 1, 2022, one-third on April 1, 2022, and become fully vested on the date of the 2022 annual stockholder meeting.