Daniel N. Wesson - Mar 1, 2022 Form 4 Insider Report for Diamondback Energy, Inc. (FANG)

Signature
/s/ Teresa L. Dick as attorney-in-fact for Daniel N. Wesson
Stock symbol
FANG
Transactions as of
Mar 1, 2022
Transactions value $
-$1,225,516
Form type
4
Date filed
3/3/2022, 04:23 PM
Previous filing
Dec 2, 2021
Next filing
Jan 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FANG Common Stock Award $0 +6.92K +23.23% $0.00 36.7K Mar 1, 2022 Direct F1
transaction FANG Common Stock Award $0 +5.93K +16.16% $0.00 42.6K Mar 1, 2022 Direct F2
transaction FANG Common Stock Tax liability -$326K -2.36K -5.54% $138.10 40.3K Mar 1, 2022 Direct F3
transaction FANG Common Stock Tax liability -$161K -1.17K -2.9% $138.10 39.1K Mar 1, 2022 Direct F4
transaction FANG Common Stock Tax liability -$141K -1.02K -2.6% $138.10 38.1K Mar 1, 2022 Direct F5
transaction FANG Common Stock Tax liability -$125K -908 -2.38% $138.10 37.2K Mar 1, 2022 Direct F6
transaction FANG Common Stock Sale -$472K -3.5K -9.41% $134.95 33.7K Mar 3, 2022 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of the issuer. These restricted stock units were granted under the issuer's equity incentive plan and will vest in three equal installments beginning on March 1, 2022.
F2 These securities are performance-based restricted stock units for the performance period from January 1, 2019 to December 31, 2021 that were granted under the issuer's equity incentive plan on March 1, 2019. All of these performance-based restricted stock units vested as of December 31, 2021 upon certification by the issuer's compensation committee of the applicable performance conditions on February 21, 2022.
F3 The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock units granted on March 1, 2019 and vested upon certification by the issuer's compensation committee on February 21, 2022. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022.
F4 The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the third tranche of the time-based restricted stock units granted to the reporting person on March 1, 2020. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022.
F5 The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the second tranche of the time-based restricted stock units granted to the reporting person on March 1, 2021. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022.
F6 The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the first tranche of the time-based restricted stock units granted to the reporting person on March 1, 2022. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022.
F7 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $134.87 per share to $134.99 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.