Form 4: Sitio Royalties Corp. Director Noam Lockshin Reports Changes in Beneficial Ownership

Director Noam Lockshin reports acquisition of deferred share units (DSUs) and a decrease in direct ownership of Class A Common Stock.

Summary

• On May 13, 2025, Noam Lockshin, a director of Sitio Royalties Corp., reported changes in beneficial ownership.
• Lockshin acquired 16,216 deferred share units (DSUs) under the company's 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, shares will be delivered after termination of service.
• Lockshin's direct ownership of Class A Common Stock decreased to 51,037 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The DSUs will vest in four equal quarterly installments over the one-year period following May 13, 2025, subject to the reporting person's continuous service.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The change in ownership may be of interest to shareholders, but is unlikely to have a significant impact.

Key Dates

Keywords

Sitio Royalties Corp., Noam Lockshin, Form 4, Beneficial Ownership, Deferred Share Units, Director, STR, Class A Common Stock, Long Term Incentive Plan