Brian Kuck - 24 Feb 2025 Form 3 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
SVP, Corp. Dev. & Strategy
Signature
By: Adrian Milton, Attorney-in-Fact for Brian Kuck
Issuer symbol
CIVI
Transactions as of
24 Feb 2025
Net transactions value
$0
Form type
3
Filing time
26 Feb 2025, 17:02:39 UTC
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
holding CIVI Common Stock 26,153 24 Feb 2025 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
holding CIVI Performance Stock Units 24 Feb 2025 Common Stock 13,472 Direct F2
holding CIVI Performance Stock Units 24 Feb 2025 Common Stock 13,528 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities consist of (i) 12,853 shares of common stock and (ii) 13,300 restricted stock units, which consist of (a) 5,586 restricted stock units that are scheduled to vest on August 8, 2025, (b) 3,849 restricted stock units that are scheduled to vest in two equal installments on February 28, 2025 and February 28, 2026, and (c) 3,865 restricted stock units that are scheduled to vest in two equal installments on February 19, 2026 and February 19, 2027.
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.
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, 2024 and ending on December 31, 2026. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.