Form 4: Sitio Royalties Corp. Executive Britton L. James Forfeits Shares to Cover Tax Obligations
SEC Form 4
Executive Vice President of Land at Sitio Royalties Corp., Britton L. James, forfeited shares to cover tax withholding obligations related to vesting Class C Common Stock.
Summary
- Britton L. James, an Executive Vice President at Sitio Royalties Corp., forfeited 5,769 shares of Class C Common Stock on June 6, 2024.
- These shares were forfeited to satisfy tax withholding obligations related to the vesting of a portion of Class C Common Stock.
- Following the transaction, James directly owns 40,488 shares of Class C Common Stock.
- The forfeited shares also correspond to 5,769 forfeited Sitio Royalties Operating Partnership, LP Units.
- After the transaction, James directly owns 40,488 Sitio Royalties Operating Partnership, LP Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations and does not indicate positive or negative sentiment.
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 has a minimal impact on shareholders as it is related to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Forfeiture of shares and partnership units. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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