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

Role
CAO and Treasurer
Signature
By: Roberta L. Louis, attorney-in-fact For: Sandra Garbiso
Stock symbol
CIVI
Transactions as of
Feb 23, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 03:56 PM
Previous filing
Jan 24, 2022
Next filing
May 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +5.15K +18.48% $0.00 33K Feb 23, 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 +10.3K $0.00 10.3K Feb 23, 2022 Common Stock 10.3K 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.