Brant DeMuth - Dec 8, 2021 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
Former EVP and CFO
Signature
By: Roberta L. Louis, attorney-in-fact For: Brant H. DeMuth
Stock symbol
CIVI
Transactions as of
Dec 8, 2021
Transactions value $
-$1,936,435
Form type
4
Date filed
12/9/2021, 04:14 PM
Previous filing
Sep 9, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +43.3K +111.06% $0.00 82.2K Dec 8, 2021 Direct F1
transaction CIVI Common Stock Tax liability -$1.09M -19K -23.1% $57.33 63.2K Dec 8, 2021 Direct F2
transaction CIVI Common Stock Tax liability -$848K -14.8K -23.39% $57.33 48.4K Dec 8, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brant DeMuth is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person received 43,255 shares of common stock, par value $0.01 per share, of Civitas Resources, Inc. resulting from accelerated vesting of performance stock units at the target performance level as a result of the Reporting Person's termination of employment upon a change in control at or immediately after the effective time of that certain agreement and plan of merger by and between Bonanza Creek Energy, Inc., Raptor Eagle Merger Sub, Inc. and Extraction Oil & Gas, Inc., dated as of May 9, 2021.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.