Form 4: Diamondback Energy Executive Acquires and Disposes of Shares
SEC Form 4
Matt Zmigrosky, EVP, Chief Legal and Admin Officer of Diamondback Energy, reports acquisition and disposal of company stock.
Summary
- On September 10, 2024, Matt Zmigrosky, EVP, Chief Legal and Admin Officer of Diamondback Energy, Inc., acquired 10,932 shares of common stock at $0.
- On the same day, Zmigrosky disposed of 49,173 shares of common stock.
- Following these transactions, Zmigrosky beneficially owns 49,173 shares of Diamondback Energy.
- The 10,932 shares acquired were restricted stock units that will vest in five substantially equal installments beginning on September 10, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the energy sector.
Stakeholder Impact
- The transactions may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 09/10/2024 | Date of stock acquisition and disposal. |
| 09/10/2025 | First vesting date for restricted stock units. |
| 09/12/2024 | Date of signature for the report. |
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