Form 4: Sitio Royalties CFO Reports Stock Transactions for Tax Withholding
Insider Transaction Report
Sitio Royalties Corp.'s Chief Financial Officer, Carrie L. Osicka, reported the forfeiture and withholding of Class C Common Stock, OpCo Units, and Class A Common Stock to cover tax obligations related to vested equity awards.
Summary
- Carrie L. Osicka, Chief Financial Officer of Sitio Royalties Corp. (STR), filed a Form 4 detailing transactions related to her equity holdings.
- On June 6, 2025, 4,326 Class C Common Stock shares were cancelled and 4,326 Sitio Royalties Operating Partnership, LP Units (OpCo Units) were forfeited.
- These transactions were executed to satisfy tax withholding obligations associated with the vesting of a portion of the Class C Common Stock held by Ms. Osicka.
- On June 7, 2025, 1,837 shares of Class A Common Stock were withheld by the Issuer at a price of $19.95 per share.
- This withholding was to cover tax obligations related to the vesting of one-third of a restricted stock unit award.
- Following these transactions, Ms. Osicka beneficially owns 47,208 Class C Common Stock shares, 114,002 Class A Common Stock shares, and 47,208 OpCo Units.
- Each Class C Common Stock share has no economic rights but grants one vote, and corresponds to OpCo Units which can be redeemed for Class A Common Stock or cash.
Sentiment
Score: 5
Explanation: The document reports a neutral event, specifically the forfeiture and withholding of shares to cover tax obligations related to vested equity. This is a standard administrative process for executive compensation and does not indicate positive or negative operational or financial performance.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends for the oil and gas royalties sector.
Stakeholder Impact
- Shareholders: The transactions represent a routine reduction in the number of shares held by a key executive due to tax obligations, which is a common occurrence and generally has a neutral impact on the company's stock price or operations. It confirms the vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/06/2025 | Transaction date for the forfeiture of 4,326 OpCo Units and cancellation of 4,326 Class C Common Stock shares to satisfy tax withholding obligations related to vested Class C Common Stock. Also, the closing price of Class A Common Stock ($19.95) on this date was used for the subsequent tax withholding. |
| 06/07/2025 | Transaction date for the withholding of 1,837 Class A Common Stock shares to satisfy tax withholding obligations related to the vesting of one-third of a restricted stock unit award. |
| 06/10/2025 | Date the Form 4 was signed by Carrie L. Osicka, by Brett S. Riesenfeld as Attorney-in-Fact. |
Keywords
Sitio Royalties Corp., STR, Form 4, SEC filing, insider transaction, stock vesting, tax withholding, Class A Common Stock, Class C Common Stock, OpCo Units, Chief Financial Officer, Carrie L. Osicka
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