Form 4: Diamondback Energy Executive VP Sells 4,000 Shares
SEC Form 4 Filing
Daniel N. Wesson, Executive VP & COO of Diamondback Energy, Inc., sold 4,000 shares of common stock on June 10, 2024, at a price of $194.69 per share.
Summary
- On June 10, 2024, Daniel N. Wesson, the Executive VP & COO of Diamondback Energy, Inc. (FANG), sold 4,000 shares of the company's common stock.
- The sale was executed at a price of $194.69 per share.
- Following the transaction, Wesson directly owns 65,677 shares of Diamondback Energy, Inc.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
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 |
|---|---|
| 06/10/2024 | Date of the stock sale transaction. |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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