Form 4: Diamondback Energy Director Charles Meloy Reports Acquisition of Restricted Stock Units

Director Charles Meloy reports acquiring 1,417 restricted stock units in Diamondback Energy, Inc.

Summary

• Charles Meloy, a director of Diamondback Energy, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 21, 2025, Mr. Meloy acquired 1,417 restricted stock units (RSUs) at a price of $0.
• These RSUs represent a contingent right to receive one share of Diamondback Energy common stock each.
• The RSUs were granted as an annual non-employee director grant under the company's equity incentive plan.
• The RSUs will vest on the earlier of the one-year anniversary of the grant date or the date of the 2026 annual meeting of stockholders.
• Following the reported transaction, Mr. Meloy directly owns 2,275 shares of common stock.
• Mr. Meloy also indirectly owns 1,085,017 shares through Wolfrock Energy, LLC.
• Wolfrock Energy, LLC is a Texas limited liability company whose sole member is CS Ventures, Ltd., of which Mr. Meloy and his spouse are the limited partners.
• CS Ventures, Ltd. is controlled by its general partner, CSV Management Trust, of which Mr. Meloy is the trustee.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock units) and doesn't indicate any significant positive or negative developments. The sentiment is neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

Diamondback Energy, Director, Charles Meloy, Restricted Stock Units, Beneficial Ownership, Form 4, Equity Incentive Plan, Wolfrock Energy LLC