Form 4: Sitio Royalties Corp. Director John R. Sult Acquires Shares Through Deferred Share Units

Director John R. Sult reports acquisition of Sitio Royalties Corp. shares through deferred share units.

Summary

• On May 14, 2024, John R. Sult, a director of Sitio Royalties Corp., acquired 12,680 shares of Class A Common Stock through deferred share units (DSUs).
• The 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 shares will be delivered after the termination of the director's service relationship with the issuer.
• Following the transaction, Sult directly owns 88,739 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction of share acquisition through deferred share units. It doesn't inherently indicate positive or negative sentiment, but rather a procedural update.

Positives

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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director ownership.
• The vesting schedule aligns the director's interests with the long-term performance of the company.

Key Dates