Dean Tinsley - Jan 21, 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Signature
By: Roberta L. Louis, attorney-in-fact For: Dean Tinsley
Stock symbol
CIVI
Transactions as of
Jan 21, 2022
Transactions value $
-$251,766
Form type
4
Date filed
1/24/2022, 04:34 PM
Previous filing
Nov 9, 2021
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +15.8K +42.2% $0.00 53.3K Jan 21, 2022 Direct F1
transaction CIVI Common Stock Tax liability -$252K -4.69K -8.79% $53.67 48.7K Jan 21, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In May of 2019 the reporting person was granted a performance unit award with a performance period beginning on January 1, 2019 and ending on December 31, 2021, based on the Issuer's absolute and relative total shareholder return ("TSR") and its return on capital employed ("ROCE"), as further specified in the award agreement. The actual number of shares that may vest ranges from zero to 200% of the target number of shares. On January 21, 2022, the Compensation Committee determined that there was: (1) no payout with respect to the ROCE-based performance units, and (2) a 200% payout with respect to the TSR-based performance units.
F2 Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.