Form 4: Diamondback Energy CFO Matthew Van't Hof Reports Stock Transaction
SEC Form 4 Filing
Matthew Van't Hof, President & CFO of Diamondback Energy, Inc., reports the withholding of 10,164 shares of common stock to cover tax obligations related to the vesting of restricted stock units received in connection with the Rattler Midstream LP merger.
Summary
- On May 28, 2024, Diamondback Energy's President & CFO, Matthew Kaes Van't Hof, reported a transaction involving the company's common stock.
- The transaction involved the withholding of 10,164 shares of common stock at a price of $193.46 to cover tax obligations.
- This withholding was related to the vesting and settlement of restricted stock units received in connection with the Rattler Midstream LP merger on August 24, 2022.
- Following the transaction, Van't Hof directly owns 150,718 shares of Diamondback Energy common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction (tax withholding) related to vested stock units. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the stock transactions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 2022-08-24 | Date of the Rattler Midstream LP merger. |
| 2024-05-24 | Date used to determine the closing price per share of Diamondback Energy's common stock for tax withholding. |
| 2024-05-28 | Date of the stock transaction (tax withholding). |
| 2024-05-29 | Date of signature on the Form 4 filing. |
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