Form 4: Civitas Resources Executive Travis L. Counts Reports Stock Transactions Following Performance Stock Unit Payout

Travis L. Counts, Chief Administrative Officer & Secretary of Civitas Resources, reports acquisition and disposal of common stock related to performance stock unit payouts.

Summary

• On February 12, 2025, Travis L. Counts, Chief Administrative Officer & Secretary of Civitas Resources, reported transactions involving Civitas Resources common stock.
• These transactions are related to the payout of performance stock units (PSUs) granted in August 2022, with a performance period from November 1, 2021, to December 31, 2024.
• The PSUs were based on both absolute total stockholder return (aTSR) and relative total stockholder return (rTSR).
• Counts acquired 5,746 shares and 3,378 shares of common stock related to the aTSR and rTSR based performance stock units respectively.
• Counts disposed of 3,765 shares to cover tax withholding obligations at a price of $51.58 per share.
• Following these transactions, Counts beneficially owns 49,518 shares of Civitas Resources common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the outcome of performance-based compensation plans designed to align executive incentives with shareholder returns.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by an executive.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Civitas Resources, Travis L. Counts, Form 4, Stock Transactions, Performance Stock Units, aTSR, rTSR, Beneficial Ownership