Form 4: Sitio Royalties Corp. Director Claire Harvey Reports Acquisition of Deferred Share Units

Director Claire Harvey reports acquisition of 12,680 deferred share units (DSUs) of Sitio Royalties Corp.

Summary

• On May 14, 2024, Claire Harvey, a director of Sitio Royalties Corp., reported the acquisition of 12,680 deferred share units (DSUs).
• These DSUs were granted under the Sitio Royalties Corp. 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 the one-year period following May 14, 2024, contingent upon continuous service.
• Following vesting, the underlying shares will be delivered after the termination of the director's service relationship with the issuer.
• Following the transaction, Ms. Harvey directly owns 52,459 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of equity compensation. The acquisition of DSUs by a director is generally a positive sign, but it's not a major event.

Positives

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

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 standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's view on the company's prospects.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates