M. Christopher Doyle - Feb 28, 2023 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
President & CEO
Signature
By: Rosemary Morice, Attorney-in-Fact For: Michael Christopher Doyle
Stock symbol
CIVI
Transactions as of
Feb 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 07:26 PM
Previous filing
Aug 10, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +28.3K +31.44% $0.00 118K Feb 28, 2023 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 +66K $0.00 66K Feb 28, 2023 Common Stock 66K 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 28, 2024, February 28, 2025, and February 28, 2026.
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 January 1, 2023 and ending on December 31, 2025. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.