Form 4: Sitio Royalties Corp. Director Noam Lockshin Reports Acquisition of Deferred Share Units

Director Noam Lockshin reports the acquisition of 12,680 deferred share units (DSUs) of Sitio Royalties Corp.

Summary

• Noam Lockshin, a director of Sitio Royalties Corp., filed a Form 4 disclosing a transaction.
• On May 14, 2024, Lockshin acquired 12,680 deferred share units (DSUs) of Class A Common Stock.
• 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 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 Lockshin's service relationship with the issuer.
• Following the reported transaction, Lockshin beneficially owns 34,821 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The grant 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 transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates