Brian Cain - 23 Feb 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Chief Sustainability Officer
Signature: By: Roberta L. Louis, attorney-in-fact For: Brian D. Cain
Issuer symbol: CIVI
Transactions as of: 23 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 25 Feb 2022, 15:55:13 UTC
Previous filing: 24 Jan 2022
Next filing: 21 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	+4,121	+64%	$0.000000	10,557	23 Feb 2022	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 Shares	Award	$0	+8,243		$0.000000	8,243	23 Feb 2022	Common Stock	8,243		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 February 23, 2023, February 23, 2024, and February 23, 2025.
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 November 1, 2021 and ending on December 31, 2024. The actual number of shares that may vest ranges from zero to 200% of the target number of shares.