Travis D. Stice - Mar 1, 2024 Form 4 Insider Report for Diamondback Energy, Inc. (FANG)

Signature
/s/ Teresa L. Dick, as attorney-in-fact for Travis D. Stice
Stock symbol
FANG
Transactions as of
Mar 1, 2024
Transactions value $
-$11,126,967
Form type
4
Date filed
3/5/2024, 05:40 PM
Previous filing
Feb 20, 2024
Next filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FANG Common Stock Award $0 +22K +5.69% $0.00 408K Mar 1, 2024 By Stice Investments, Ltd. F1, F2
transaction FANG Common Stock Award $0 +129K +31.69% $0.00 538K Mar 1, 2024 By Stice Investments, Ltd. F2, F3
transaction FANG Common Stock Tax liability -$9.29M -50.9K -9.47% $182.52 487K Mar 1, 2024 By Stice Investments, Ltd. F2, F4
transaction FANG Common Stock Tax liability -$663K -3.63K -0.75% $182.52 483K Mar 1, 2024 By Stice Investments, Ltd. F2, F5
transaction FANG Common Stock Tax liability -$647K -3.54K -0.73% $182.52 479K Mar 1, 2024 By Stice Investments, Ltd. F2, F6
transaction FANG Common Stock Tax liability -$526K -2.88K -0.6% $182.52 477K Mar 1, 2024 By Stice Investments, Ltd. F2, 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, 2024.
F2 These securities are held by Stice Investments, Ltd., which is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager.
F3 These securities are performance-based restricted stock units for the performance period from January 1, 2021 to December 31, 2023 that were granted under the issuer's equity incentive plan on March 1, 2021. All of these performance-based restricted stock units vested as of December 31, 2023 upon certification by the issuer's compensation committee of the applicable performance conditions on February 16, 2024.
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 of the performance-based restricted stock units granted on March 1, 2021 and vested upon certification by the issuer's compensation committee on February 16, 2024. 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 29, 2024.
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, 2024 of the third 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 29, 2024.
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, 2024 of the second tranche of the time-based restricted stock units granted to the reporting person on March 1, 2023. 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 29, 2024.
F7 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, 2024 of the first tranche of the time-based restricted stock units granted to the reporting person on March 1, 2024. 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 29, 2024.