Howard A. Willard - Jun 1, 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Director
Signature: By: Roberta L. Louis, attorney-in-fact For: Howard A. Willard III
Stock symbol: CIVI
Transactions as of: Jun 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/1/2022, 07:09 PM
Previous filing: Nov 2, 2021
Next filing: Jun 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIVI	Common Stock	Award	$0	+4.66K	+23.7%	$0.00	24.3K	Jun 1, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 4,662 Deferred Stock Units ("DSUs") granted on June 1, 2022, pursuant to the Issuer's Independent Director Compensation policy and the Issuer's Extraction Oil & Gas, Inc. 2021 Long Term Incentive Plan. The number of DSUs was determined by dividing the award value of $300,000 by $64.3545 (the volume weighted average price of a share for the 30-trading day period ending on May 31, 2022). The DSUs shall vest in quarterly installments over a twelve (12) month period following the grant date and become fully vested on the date of the 2023 annual stockholder meeting.

Content

Represents 4,662 Deferred Stock Units ("DSUs") granted on June 1, 2022, pursuant to the Issuer's Independent Director Compensation policy and the Issuer's Extraction Oil & Gas, Inc. 2021 Long Term Incentive Plan. The number of DSUs was determined by dividing the award value of $300,000 by $64.3545 (the volume weighted average price of a share for the 30-trading day period ending on May 31, 2022). The DSUs shall vest in quarterly installments over a twelve (12) month period following the grant date and become fully vested on the date of the 2023 annual stockholder meeting.