Form 4: Sitio Royalties Corp. CFO Carrie L. Osicka Reports Tax Withholding Share Disposal
SEC Form 4 Filing
Carrie L. Osicka, CFO of Sitio Royalties Corp., reports the disposal of 1,837 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 7, 2024, Carrie L. Osicka, the Chief Financial Officer of Sitio Royalties Corp., disposed of 1,837 shares of Class A Common Stock.
- The shares were withheld by Sitio Royalties Corp. to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The transaction occurred at a price of $22.25 per share.
- Following the transaction, Osicka directly owns 86,981 shares of Sitio Royalties Corp.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to tax obligations, so it doesn't carry strong positive or negative sentiment. It's a neutral reporting of a standard transaction.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction (disposal of shares for tax withholding). |
| 06/11/2024 | Date of the report filing. |
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