Form 4: Civitas Resources SVP Acquires Shares and Performance Stock Units

Kayla Baird, SVP & Chief Accounting Officer of Civitas Resources, reports acquisition of common stock and performance stock units.

Summary

• On February 24, 2025, Kayla Baird, SVP & Chief Accounting Officer of Civitas Resources, acquired 6,016 shares of common stock at $0 and disposed of 12,028 shares.
• Following the transaction, Baird directly owns 12,028 shares of common stock.
• Baird also acquired 14,035 performance stock units (PSUs) on February 24, 2025, which vest based on the company's total shareholder return between January 1, 2025, and December 31, 2027.
• The actual number of shares that may vest ranges from zero to 225% of the target number of shares.
• The restricted stock units are scheduled to vest in three equal installments on February 24, 2026, February 24, 2027, and February 24, 2028.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The vesting of the performance stock units is contingent on Civitas Resources' total shareholder return over the period from January 1, 2025, to December 31, 2027.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates