Form 4: Diamondback Energy Director Mark Plaumann Reports Share Transactions

Diamondback Energy director Mark Plaumann reported a series of transactions involving common stock, including a distribution from Greyhawke Capital Advisors and subsequent sales.

Summary

• Mark Plaumann, a director at Diamondback Energy, reported several transactions involving the company's common stock.
• On November 12, 2024, Mr. Plaumann received 11,724 shares as part of a distribution from Greyhawke Capital Advisors, with 5,862 shares going directly to him and 5,862 shares going to the Martin and Selma Rosen GST Trust, of which he is a trustee.
• Mr. Plaumann disclaims any pecuniary interest in the shares distributed to the trust.
• On November 13, 2024, Mr. Plaumann sold 1,150 shares at $181 per share and another 240 shares at $181 per share.
• Additionally, 2,310 shares were disposed of at $0 per share.
• Following these transactions, Mr. Plaumann directly owns 4,712 shares and indirectly owns 9,236 shares through Greyhawke Capital Advisors.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity. There is no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
• The transactions reported are typical for directors who may receive stock as part of their compensation or through investment vehicles.
• The sale of shares by Mr. Plaumann is not unusual and is within the normal range of insider trading activity.

Related Party Transactions

• The distribution of shares from Greyhawke Capital Advisors to Mr. Plaumann is a related party transaction.

Stakeholder Impact

• The transactions reported in this filing provide transparency to shareholders regarding insider trading activity.
• The sale of shares by a director may be viewed neutrally or with slight concern by some investors.

Key Dates

Keywords

Diamondback Energy, FANG, Mark Plaumann, insider trading, share transactions, Greyhawke Capital Advisors, stock distribution, stock sale, beneficial ownership