Key facts
- This page summarizes Jim Norris's Form 4 filing for Sitio Royalties Corp. (STR).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 04 Jan 2024, 19:01.
Jim Norris - 30 Dec 2023 Form 4 Insider Report for Sitio Royalties Corp. (STR)
- Reporting relationship
- Chief Accounting Officer, Treasurer
- Issuer ticker
- STR
- Reported as of
- 30 Dec 2023
- Net transaction value
- -$33,791
- SEC form
- 4
- Accepted by SEC
- 04 Jan 2024, 19:01:51 UTC
- Prior SEC filing
- 08 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jim Norris, by Brett S. Riesenfeld as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Jim Norris filed Form 4 for Sitio Royalties Corp. (STR) on 04 Jan 2024.
Change
- Previous filing in this sequence was filed on 08 Jun 2023.
- Current net transaction value: -$33,791.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
STR
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +15,313
- Change %
- +88%
- Price
- $0.000000
- Shares after
- 32,690
- Date
- 30 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
STR
transaction
Class A Common Stock
Tax liability
- Transaction value
- $33,791
- Shares
- -1,430
- Change %
- -4.4%
- Price
- $23.63
- Shares after
- 31,260
- Date
- 02 Jan 2024
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
STR
transaction
Derivative
Performance Stock Units
Award
- Transaction value
- $0
- Shares
- +5,104
- Change %
- +119%
- Price
- $0.000000
- Shares after
- 9,392
- Date
- 30 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,104
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Represents restricted stock units ("RSUs") granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive one share of Sitio Royalties Corp.'s Class A common stock, par value $0.0001 per share ("Common Stock"). The RSUs will vest in equal one-third installments on each of the first three anniversaries of December 30, 2023, subject to the reporting person's continuous service through each vesting date.
Footnote F2
These shares were withheld by Sitio Royalties Corp. to satisfy the tax withholding obligations of the reporting person in connection with the vesting of the first one-third installment of an award of RSUs on December 30, 2023.
Footnote F3
Represents the closing price of the Common Stock on the date of the tax withholding.
Footnote F4
Represents performance stock units ("PSUs") granted to the reporting person pursuant to the LTIP in respect of calendar year 2024. Each PSU represents the right to receive one share of Common Stock. The PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three-year performance period beginning with the last 20 trading days of 2023 through the last 20 trading days of 2026, subject to the reporting person's continuous service through the end of such performance period. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 200% of such target number.
SEC remarks
Chief Accounting Officer, Treasurer