Form 4: Alice Gould Reports Acquisition of Sitio Royalties Corp. Shares

Director Alice Gould reports acquisition of 12,680 shares of Sitio Royalties Corp. Class A Common Stock through deferred share units.

Summary

• On May 14, 2024, Alice Gould, a director of Sitio Royalties Corp., acquired 12,680 shares of Class A Common Stock.
• The acquisition was in the form of deferred share units (DSUs) granted under the company's Long Term Incentive Plan.
• Each DSU represents a contingent right to receive one share of Sitio Royalties Corp.'s Class A common stock.
• The DSUs will vest in four equal quarterly installments over one year, contingent upon continuous service.
• Following vesting, the shares will be delivered after the termination of Gould's service relationship with the issuer.
• Following the transaction, Gould beneficially owns 37,313 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, but it's part of a standard compensation plan.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The shares of Common Stock underlying the DSUs will be delivered to the reporting person as soon as administratively practicable following the date that the reporting person's service relationship with the issuer is terminated for any reason.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is generally viewed positively by investors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates