Form 4: Sitio Royalties Corp. Director Richard K. Stoneburner Reports Acquisition of Deferred Share Units

Director Richard K. Stoneburner reports acquisition of 12,680 deferred share units (DSUs) of Sitio Royalties Corp.

Summary

• Richard K. Stoneburner, a director of Sitio Royalties Corp., reported the acquisition of 12,680 deferred share units (DSUs) on May 14, 2024.
• 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, Stoneburner beneficially owns 24,390 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with shareholders.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders, incentivizing continued service and 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 for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The grant of DSUs aligns the director's interests with those of the shareholders.

Key Dates