Form 4: Civitas Resources COO Thomas Hodge Walker Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Thomas Hodge Walker, COO of Civitas Resources, disposed of 4,796 shares of common stock on April 5, 2024, to cover tax withholding obligations upon the vesting of restricted stock units.
Summary
- On April 5, 2024, Thomas Hodge Walker, the Chief Operating Officer of Civitas Resources, disposed of 4,796 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $75.11 per share.
- Following the transaction, Walker directly owns 39,498 shares of Civitas Resources common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders and officers to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of the transaction where 4,796 shares of common stock were disposed of. |
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