Form 4: Civitas Resources SVP Kayla Baird Reports Tax-Related Stock Disposal

Kayla Baird, SVP & Chief Accounting Officer of Civitas Resources, reports the disposal of 320 shares of common stock to cover tax obligations upon vesting of restricted stock units on January 3, 2025.

Summary

• On January 3, 2025, Kayla Baird, SVP & Chief Accounting Officer of Civitas Resources, reported a transaction involving the disposal of 320 shares of common stock.
• The shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The transaction was executed at a price of $47.7 per share.
• Following the transaction, Baird directly owns 6,693 shares of Civitas Resources common stock.
• Baird has also granted a power of attorney to Travis L. Counts, Adrian Milton, Geoffrey Storm, and Gabriel Lozano to handle SEC filings on her behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates