Form 4: Sitio Royalties Corp. Executive Forfeits Shares to Cover Tax Obligations
SEC Form 4 Filing
Brett S. Riesenfeld, Executive Vice President, General Counsel, and Secretary of Sitio Royalties Corp., forfeited shares to cover tax withholding obligations related to the vesting of Class C Common Stock.
Summary
- On June 6, 2024, Brett S. Riesenfeld, an executive at Sitio Royalties Corp., forfeited 5,147 OpCo Units and a corresponding 5,147 shares of Class C Common Stock.
- The forfeiture was to satisfy tax withholding obligations related to the vesting of a portion of Class C Common Stock held by Riesenfeld.
- Following the transaction, Riesenfeld beneficially owns 41,887 shares of Class C Common Stock and 41,887 OpCo Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to internal executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date of transaction: Forfeiture of OpCo Units and Class C Common Stock. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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