Form 4: Sitio Royalties Corp. Executive Forfeits Shares to Cover Tax Obligations

Jarret J. Marcoux, an Executive Vice President at Sitio Royalties Corp., forfeited shares of Class C Common Stock and corresponding OpCo Units to satisfy tax withholding obligations.

Summary

• On June 6, 2024, Jarret J. Marcoux, Executive Vice President of Operations at Sitio Royalties Corp., forfeited 5,126 shares of Class C Common Stock.
• These shares were cancelled to cover tax withholding obligations related to the vesting of a portion of Class C Common Stock held by Marcoux.
• Correspondingly, 5,126 units of Sitio Royalties Operating Partnership, LP (OpCo Units) were also forfeited.
• Following the transaction, Marcoux beneficially owns 41,908 shares of Class C Common Stock and 41,908 OpCo Units.

Sentiment

Score: 5

Explanation: This is a neutral event related to tax obligations and does not inherently indicate positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency into the transactions of company executives.

Stakeholder Impact

• The forfeiture of shares has a minimal impact on shareholders, as it is related to tax obligations of an executive and does not reflect a change in the company's fundamentals.

Key Dates