Form 4: Diamondback Energy EVP Withholds Shares for Tax

Diamondback Energy's EVP, Chief Legal and Admin Officer, Matt Zmigrosky, disposed of 861 shares of common stock for tax withholding purposes related to restricted stock unit vesting.

Summary

• Matt Zmigrosky, EVP, Chief Legal and Admin Officer of Diamondback Energy, Inc. (FANG), reported a transaction on September 10, 2025.
• The transaction involved the disposition of 861 shares of common stock.
• These shares were withheld by the issuer to cover tax withholding obligations.
• The withholding was in connection with the vesting and settlement of the first tranche of time-based restricted stock units.
• The restricted stock units were originally granted to Mr. Zmigrosky on September 10, 2024.
• The shares were valued at $136.29 per share, based on the closing price on September 9, 2025.
• Following this transaction, Mr. Zmigrosky beneficially owns 67,034 shares of common stock directly.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation. It does not reflect a change in company fundamentals or a voluntary investment decision by the executive.

Positives

• The vesting of restricted stock units indicates the executive is meeting performance or tenure requirements, leading to earned equity compensation.
• The transaction reflects the normal functioning of the company's executive compensation plan.

Negatives

• The disposition of 861 shares, even for tax purposes, slightly reduces the executive's direct ownership in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a voluntary sale indicating a change in executive confidence. It reflects the ongoing compensation structure for executives.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary tax withholding transaction by an executive related to the vesting of restricted stock units. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation and does not signal a change in executive confidence or company fundamentals. Therefore, a 'hold' recommendation is appropriate as there's no new material information to alter an existing investment thesis.

Keywords

Diamondback Energy, FANG, Matt Zmigrosky, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Restricted Stock Units, Executive Compensation