Form 4: Diamondback Energy Executive Sells 6,000 Shares
SEC Form 4
Matt Zmigrosky, EVP, Chief Legal and Admin Officer of Diamondback Energy, Inc., sold 6,000 shares of common stock at an average price of $198.1473 on May 17, 2024.
Summary
- On May 17, 2024, Matt Zmigrosky, an executive at Diamondback Energy, Inc., sold 6,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $198.1473 per share.
- The shares were sold in multiple transactions with prices ranging from $198.12 to $198.16 per share.
- Following the transaction, Zmigrosky directly owns 38,445 shares of Diamondback Energy, Inc.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an executive stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Executive stock sales are a common occurrence and can be for a variety of reasons, including diversification, tax planning, or personal expenses. It's important to consider the overall context and not overemphasize individual transactions.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Sale of 6,000 shares of common stock. |
| 05/20/2024 | Date of signature. |
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