Form 4: Civitas Resources Officer Sells Shares for Tax
Insider Transaction
Civitas Resources' Chief Administrative Officer, Travis L. Counts, disposed of 390 shares of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Travis L. Counts, Chief Administrative Officer & Secretary of Civitas Resources, Inc. (CIVI), reported a transaction on November 8, 2025.
- The transaction involved the disposition of 390 shares of Common Stock.
- These shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share for the disposed securities was $27.28.
- Following this transaction, Travis L. Counts beneficially owns 61,568 shares of Common Stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: This Form 4 reports a routine, tax-related insider transaction and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 11/08/2025 | Indicates the pre-planned, non-discretionary nature of the transaction, which is a standard corporate governance practice for insiders to avoid accusations of trading on material non-public information. |
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, tax-related transaction involving a small number of shares relative to the company's total outstanding shares and does not reflect a discretionary sale based on company performance.
Key Dates
| Date | Description |
|---|---|
| 11/08/2025 | Date of transaction where shares were disposed. |
| 11/10/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Civitas Resources, CIVI, Form 4, Insider Trading, Travis L. Counts, Stock Sale, Tax Withholding, Restricted Stock Units, Officer Transaction, 10b5-1 Plan
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