Greager Eric T. - 08 Feb 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
President and CEO, Director
Signature
By: Roberta L. Louis, attorney-in-fact For: Eric T. Greager
Issuer symbol
CIVI
Transactions as of
08 Feb 2022
Net transactions value
-$3,603,980
Form type
4
Filing time
08 Feb 2022, 17:36:07 UTC
Previous filing
24 Jan 2022
Next filing
13 Apr 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 +49,569 +25% $0.000000 249,494 08 Feb 2022 Direct F1
transaction CIVI Common Stock Tax liability $1,200,610 -21,762 -8.7% $55.17 227,732 08 Feb 2022 Direct F2
transaction CIVI Common Stock Tax liability $2,403,371 -43,563 -19% $55.17 184,169 08 Feb 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received 49,569 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 without "cause" pursuant to the Civitas Resources, Inc. Eighth Amended and Restated Executive Change in Control and Severance Benefit Plan.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of the performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.