Form 4: Diamondback Energy Executive VP Daniel Wesson Reports Stock Transactions
SEC Form 4
Executive VP & COO of Diamondback Energy, Daniel N. Wesson, reports acquisition and disposal of common stock and restricted stock units on March 1, 2025, due to vesting and tax withholding.
Summary
- Daniel N. Wesson, Executive VP & COO of Diamondback Energy, reported changes in beneficial ownership of the company's stock on March 1, 2025.
- The transactions involved the acquisition of common stock through the vesting of restricted stock units and performance-based restricted stock units.
- Wesson also disposed of common stock to satisfy tax withholding obligations related to the vesting of these units.
- The price for the disposed shares was $158.96.
- Following these transactions, Wesson directly owns 89,117 shares of Diamondback Energy common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Positives
- The vesting of restricted stock units and performance-based restricted stock units indicates that Wesson is incentivized to perform well for the company.
- The vesting of performance-based restricted stock units suggests that the company met certain performance targets.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the oil and gas industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/01/2019 | Grant date of performance-based restricted stock units, first tranche vesting and settling on March 1, 2025. |
| 01/01/2019 to 12/31/2021 | Performance period for performance-based restricted stock units granted on March 1, 2019. |
| 03/01/2022 | Grant date of performance-based restricted stock units for the period January 1, 2022 to December 31, 2024. |
| 01/01/2022 to 12/31/2024 | Performance period for performance-based restricted stock units granted on March 1, 2022. |
| 03/01/2023 | Grant date of time-based restricted stock units, third tranche vesting and settling on March 1, 2025. |
| 03/01/2024 | Grant date of time-based restricted stock units, second tranche vesting and settling on March 1, 2025. |
| 12/31/2024 | Vesting date of performance-based restricted stock units granted on March 1, 2022. |
| 02/28/2025 | Date used to determine the closing price per share for tax withholding calculations. |
| 03/01/2025 | Date of transactions involving acquisition and disposal of common stock and restricted stock units. |
| 03/01/2025 | First vesting date for restricted stock units granted under the issuer's equity incentive plan. |
| 03/04/2025 | Date of signature for the report. |
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