Form 4: Civitas Resources Director Carrie Fox Receives Significant Equity Grant

Civitas Resources, Inc. Director Carrie M. Fox was granted 10,512 Deferred Stock Units (DSUs) on June 4, 2025, as part of the company's 2024 Long Term Incentive Plan, increasing her total beneficial ownership to 61,393 shares.

Summary

• Carrie M. Fox, a Director of Civitas Resources, Inc. (CIVI), reported an acquisition of securities on June 4, 2025.
• The transaction involved the acquisition of 10,512 shares of Common Stock in the form of Deferred Stock Units (DSUs) at a price of $0.
• These DSUs were granted pursuant to the Civitas Resources, Inc. 2024 Long Term Incentive Plan.
• The DSUs are designed to vest annually and will become fully vested on the earlier of the day immediately preceding the date of the first annual meeting of stockholders following the grant date, or the first anniversary of the grant date.
• Vesting is contingent upon Ms. Fox's continued service on the Board of Directors through the applicable vesting date.
• Following this transaction, Carrie M. Fox beneficially owns a total of 61,393 shares of Common Stock.

Sentiment

Score: 7

Explanation: The grant of Deferred Stock Units to a director is a positive sign of aligning management interests with shareholders and retaining key personnel, indicating stability in governance and a long-term focus.

Positives

• The grant of Deferred Stock Units aligns the director's long-term interests with those of the shareholders, as the value of the DSUs is tied to the company's stock performance.
• This equity grant serves as a retention mechanism, encouraging the director's continued service and commitment to the company's strategic objectives.
• The transaction is part of a structured 2024 Long Term Incentive Plan, indicating a formalized approach to executive and director compensation aimed at fostering sustained performance.

Risks

• The vesting of the Deferred Stock Units is subject to Carrie M. Fox's continued service on the Board of Directors, meaning the full benefit of the grant is contingent on her ongoing employment with the company.

Future Outlook

The grant of Deferred Stock Units with a vesting schedule tied to continued service indicates an expectation of the director's ongoing contribution to the company's governance and strategic direction.

Industry Context

This Form 4 filing represents a routine disclosure of an insider transaction, specifically an equity grant to a director, which is a common practice across publicly traded companies to incentivize and retain key leadership.

Comparison to Industry Standards

• The grant of Deferred Stock Units as part of a long-term incentive plan is a standard compensation practice for directors in publicly traded companies, aligning their interests with shareholder value over time.
• Without specific details on the compensation structure of comparable companies in the energy or resources sector, a direct quantitative comparison of the grant size or vesting terms is not possible from this document alone.

Corporate Governance

Related Party Transactions

• The grant of 10,512 Deferred Stock Units to Carrie M. Fox, a Director of Civitas Resources, Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its Board of Directors.

Stakeholder Impact

• Shareholders: The equity grant aligns the director's financial interests with shareholder value, potentially leading to more shareholder-centric decision-making.
• Employees: No direct impact on general employees is indicated by this specific filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this specific filing.

Next Steps

• Carrie M. Fox's continued service on the Board of Directors is required for the vesting of the Deferred Stock Units.
• The company's future annual meetings of stockholders will be relevant for the vesting schedule of these DSUs.

Key Dates

Recommendation

Keywords

Civitas Resources, CIVI, Form 4, Deferred Stock Units, DSU, Equity Grant, Director Compensation, Insider Ownership, Long Term Incentive Plan, Corporate Governance