Form 4: Civitas Resources Director Helms Lloyd W Jr Acquires 1,584 Deferred Stock Units

Director Lloyd W. Helms Jr. of Civitas Resources, Inc. acquired 1,584 deferred stock units (DSUs) on February 24, 2025.

Summary

• On February 24, 2025, Lloyd W. Helms Jr., a director of Civitas Resources, Inc., acquired 1,584 Deferred Stock Units (DSUs).
• These DSUs were granted under the Issuer's Amended and Restated Independent Director Compensation Program and the Issuer's 2024 Long Term Incentive Plan.
• The DSUs will vest on the earlier of (i) the day before the next annual stockholder meeting following the grant date or (ii) the first anniversary of the grant date, contingent on Helms' continued service on the Board of Directors.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the Board of Directors.

Future Outlook

The DSUs will vest based on the vesting schedule described in the document.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting deferred stock units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• The vesting schedule, contingent on continued service, is also a standard feature in director compensation plans.
• Comparable companies in the oil and gas sector, such as Occidental Petroleum and ConocoPhillips, also utilize equity-based compensation for their board members.

Stakeholder Impact

• Shareholders may view this positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to remain on the board, providing continuity and experience.

Key Dates