Form 4: Diamondback Energy Executive VP Albert Barkmann Reports Stock Transaction
SEC Form 4 Filing
Albert Barkmann, Executive VP and Chief Engineer at Diamondback Energy, reports the withholding of 153 shares of common stock to cover tax obligations related to the vesting of restricted stock units received in connection with the Rattler Midstream LP merger.
Summary
- On May 28, 2024, Albert Barkmann, Executive VP and Chief Engineer at Diamondback Energy, Inc. (FANG), reported a transaction involving the company's common stock.
- The transaction involved the withholding of 153 shares of common stock at a price of $193.46 to cover tax obligations.
- This withholding was related to the vesting and settlement of restricted stock units received in connection with the Rattler Midstream LP merger on August 24, 2022.
- Following the transaction, Barkmann directly owns 16,162 shares of Diamondback Energy common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in the oil and gas industry where equity-based compensation is prevalent.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| August 24, 2022 | Date of the Rattler Midstream LP merger. |
| May 24, 2024 | Date used to determine the closing price per share of Diamondback Energy's common stock for tax withholding. |
| May 28, 2024 | Date of the stock transaction (tax withholding). |
| May 29, 2024 | Date of signature on the Form 4 filing. |
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