Form 4: Diamondback Energy Director Mark Plaumann Receives Stock Grant

Director Mark Plaumann received 1,035 restricted stock units from Diamondback Energy on June 6, 2024.

Summary

• Mark Plaumann, a director of Diamondback Energy, Inc. (FANG), reported a transaction on June 6, 2024.
• He acquired 1,035 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted as an annual non-employee director grant under the company's equity incentive plan.
• The restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the date of the 2025 annual meeting of stockholders.
• Plaumann also indirectly owns 21,200 shares through Greyhawke Capital Advisors LLC, where he is a managing member with a 50% ownership interest.
• These shares have been assigned by Mr. Plaumann to Greyhawke Capital Advisors LLC under the terms of his employment with Greyhawke.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns interests with shareholders.

Positives

• The grant of restricted stock units aligns Plaumann's interests with those of the shareholders.
• Plaumann's significant indirect ownership through Greyhawke Capital Advisors LLC demonstrates his continued investment in the company.

Future Outlook

The restricted stock units will vest on the earlier of the one-year anniversary of the grant date or the date of the 2025 annual meeting of stockholders, incentivizing Plaumann's continued service as a director.

Industry Context

This filing is a routine disclosure of stock grants to a company director, common in publicly traded companies to align management and shareholder interests.

Comparison to Industry Standards

• Stock grants to directors are a common practice in the oil and gas industry, similar to compensation structures at companies like EOG Resources and Pioneer Natural Resources.
• The vesting schedule of one year is also standard practice.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates