Marianella Foschi - 23 Feb 2025 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
CFO & Treasurer
Signature
By: Adrian Milton, Attorney-in-Fact for Marianella Foschi
Issuer symbol
CIVI
Transactions as of
23 Feb 2025
Net transactions value
-$49,600
Form type
4
Filing time
25 Feb 2025, 17:40:43 UTC
Previous filing
20 Feb 2025
Next filing
28 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Tax liability $49,600 -1,011 -0.97% $49.06 102,761 23 Feb 2025 Direct F1
transaction CIVI Common Stock Award $0 +14,114 +14% $0.000000 116,875 24 Feb 2025 Direct F2

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 Stock Units Award $0 +32,933 $0.000000 32,933 24 Feb 2025 Common Stock 32,933 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.
F2 The restricted stock units are scheduled to vest in three equal installments on February 24, 2026, February 24, 2027, and February 24, 2028.
F3 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, 2025 and ending on December 31, 2027. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.