Howard A. Willard - 01 Jun 2023 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role: Director
Signature: By: Rosemary Morice, Attorney-in-Fact For: Howard A. Willard III
Issuer symbol: CIVI
Transactions as of: 01 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jun 2023, 16:50:47 UTC
Previous filing: 01 Jun 2022
Next filing: 11 Jun 2024
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	+4,368	+18%	$0.000000	28,704	01 Jun 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents 4,368 Deferred Stock Units ("DSUs") granted on June 1, 2023, 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 $68.6881 (the volume weighted average price of a share for the 30-trading day period ending on May 31, 2023). The DSUs shall vest annually and become fully vested on the date of the 2024 annual stockholder meeting.

Content

Represents 4,368 Deferred Stock Units ("DSUs") granted on June 1, 2023, 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 $68.6881 (the volume weighted average price of a share for the 30-trading day period ending on May 31, 2023). The DSUs shall vest annually and become fully vested on the date of the 2024 annual stockholder meeting.