Form 4: Sitio Royalties Corp. Executive Britton L. James Reports Tax Withholding Share Disposal
SEC Form 4
Executive Vice President of Land at Sitio Royalties Corp., Britton L. James, reports the disposal of 3,471 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 1, 2024, Britton L. James, Executive Vice President of Land at Sitio Royalties Corp., disposed of 3,471 shares of Class A Common Stock.
- The disposal was to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $23.15 per share.
- Following the transaction, James directly owns 69,425 shares of Sitio Royalties Corp.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a routine transaction for tax purposes.
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 stakeholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 03/05/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.