Form 4: Sitio Royalties Corp. CFO Carrie L. Osicka Reports Tax Withholding Transaction
SEC Form 4 Filing
Carrie L. Osicka, CFO of Sitio Royalties Corp., reports the forfeiture of OpCo Units and cancellation of Class C Common Stock to cover tax obligations.
Summary
- On June 6, 2024, Carrie L. Osicka, the Chief Financial Officer of Sitio Royalties Corp., engaged in a transaction involving the forfeiture of 4,326 OpCo Units and the cancellation of 4,326 shares of Class C Common Stock.
- This transaction was executed to satisfy tax withholding obligations related to the vesting of a portion of Class C Common Stock held by Ms. Osicka.
- Following the reported transaction, Ms. Osicka beneficially owns 51,534 shares of Class C Common Stock and 51,534 Sitio Royalties Operating Partnership, LP Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding executive stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Forfeiture of OpCo Units and cancellation of Class C Common Stock. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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