Form 4: Civitas Resources Director Howard Willard Granted 10,512 Deferred Stock Units

Civitas Resources, Inc. Director Howard A. Willard was granted 10,512 Deferred Stock Units (DSUs) on June 4, 2025, increasing his direct beneficial ownership to 50,317 shares.

Summary

• Howard A. Willard, a Director of Civitas Resources, Inc. (CIVI), acquired 10,512 shares of Common Stock on June 4, 2025.
• These shares represent Deferred Stock Units (DSUs) granted under the Civitas Resources, Inc. 2024 Long Term Incentive Plan.
• The DSUs were acquired at a price of $0, indicating a grant rather than a cash purchase.
• Following this transaction, Mr. Willard's direct beneficial ownership of Civitas Resources Common Stock increased to 50,317 shares.
• The DSUs will vest annually and 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, contingent on Mr. Willard's continued service on the Board of Directors.

Sentiment

Score: 7

Explanation: The grant of equity to a director is generally a positive signal as it increases insider ownership and aligns interests, though it's a routine compensation event rather than a direct investment.

Positives

• Increase in insider ownership, which can signal confidence in the company's future performance.
• The grant of Deferred Stock Units aligns the director's long-term interests with those of the shareholders.

Risks

• The vesting of the Deferred Stock Units is contingent upon the reporting person's continued service on the Board of Directors, meaning the full benefit is tied to ongoing tenure.

Corporate Governance

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value through equity ownership.
• Employees: No direct impact on general employees mentioned in this filing.

Next Steps

• The Deferred Stock Units will vest annually, with full vesting occurring on the earlier of the day preceding the first annual stockholders' meeting following the grant date or the first anniversary of the grant date.

Key Dates

Recommendation

Keywords

Civitas Resources, CIVI, Form 4, Insider Transaction, Deferred Stock Units, DSU, Stock Grant, Director Compensation, Equity Incentive Plan, Howard A. Willard