Eric T. Greager - Feb 8, 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
Stock symbol
CIVI
Transactions as of
Feb 8, 2022
Transactions value $
-$3,603,980
Form type
4
Date filed
2/8/2022, 05:36 PM
Previous filing
Jan 24, 2022
Next filing
Apr 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +49.6K +24.79% $0.00 249K Feb 8, 2022 Direct F1
transaction CIVI Common Stock Tax liability -$1.2M -21.8K -8.72% $55.17 228K Feb 8, 2022 Direct F2
transaction CIVI Common Stock Tax liability -$2.4M -43.6K -19.13% $55.17 184K Feb 8, 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.