Brian Steck - Jun 1, 2022 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
Director
Signature
By: Roberta L. Louis, attorney-in-fact For: Brain Steck
Stock symbol
CIVI
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 07:09 PM
Previous filing
Nov 2, 2021
Next filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Award $0 +4.66K +15.56% $0.00 34.6K Jun 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 4,662 Deferred Stock Units ("DSUs") granted on June 1, 2022, pursuant to the Issuer's Independent Director Compensation policy and the Issuer's 2021 Long Term Incentive Plan. The number of DSUs was determined by dividing the award value of $300,000 by $64.3545 (the volume weighted average price of a share for the 30-trading day period ending on May 31, 2022). The DSUs shall vest in quarterly installments over a twelve (12) month period following the grant date and become fully vested on the date of the 2023 annual stockholder meeting.