Form 4: Sitio Royalties Corp. Director Gayle Burleson Reports Acquisition of Deferred Share Units

Director Gayle Burleson reports acquisition of 12,680 deferred share units (DSUs) of Sitio Royalties Corp. Class A common stock.

Summary

• On May 14, 2024, Gayle Burleson, a director of Sitio Royalties Corp., acquired 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 one year, contingent upon continuous service.
• Following vesting, the underlying shares will be delivered after the termination of the director's service relationship.
• Following the transaction, Burleson directly owns 32,779 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns director interests with company performance. There are no immediate negative implications.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule incentivizes continued service and commitment from the director.

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 for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates