Dean Tinsley - Aug 10, 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
SVP, Operations
Signature
By: Roberta L. Louis, attorney-in-fact For: Dean Tinsley
Stock symbol
CIVI
Transactions as of
Aug 10, 2022
Transactions value $
-$1,519,916
Form type
4
Date filed
8/11/2022, 05:33 PM
Previous filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +43.1K +88.2% $0.00 91.9K Aug 10, 2022 Direct F1
transaction CIVI Common Stock Tax liability -$1.12M -18.9K -20.58% $59.33 73K Aug 10, 2022 Direct F2
transaction CIVI Common Stock Tax liability -$398K -6.7K -9.18% $59.33 66.3K Aug 10, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Dean Tinsley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person received 43,082 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 performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.