Brant DeMuth - 08 Dec 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
Former EVP and CFO
Signature
By: Roberta L. Louis, attorney-in-fact For: Brant H. DeMuth
Issuer symbol
CIVI
Transactions as of
08 Dec 2021
Net transactions value
-$1,936,435
Form type
4
Filing time
09 Dec 2021, 16:14:22 UTC
Previous filing
09 Sep 2021
Next filing
03 Mar 2022
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 +43,255 +111% $0.000000 82,203 08 Dec 2021 Direct F1
transaction CIVI Common Stock Tax liability $1,088,811 -18,992 -23% $57.33 63,211 08 Dec 2021 Direct F2
transaction CIVI Common Stock Tax liability $847,624 -14,785 -23% $57.33 48,426 08 Dec 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brant DeMuth is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person received 43,255 shares of common stock, par value $0.01 per share, of Civitas Resources, Inc. resulting from accelerated vesting of performance stock units at the target performance level as a result of the Reporting Person's termination of employment upon a change in control at or immediately after the effective time of that certain agreement and plan of merger by and between Bonanza Creek Energy, Inc., Raptor Eagle Merger Sub, Inc. and Extraction Oil & Gas, Inc., dated as of May 9, 2021.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.