Form 4: Sitio Royalties Corp. Executive Jarret J. Marcoux Reports Stock Transactions
SEC Form 4
Executive Vice President of Operations, Jarret J. Marcoux, reports stock transactions related to vesting of restricted stock units and performance stock units.
Summary
- Jarret J. Marcoux, Executive Vice President of Operations at Sitio Royalties Corp., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions related to the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
- On February 27, 2025, 3,396 shares were withheld to cover tax obligations related to RSU vesting at a price of $19.5 per share.
- On February 28, 2025, 27,564 RSUs were granted under the Long Term Incentive Plan (LTIP), vesting in equal installments over three years.
- On March 1, 2025, 2,923 shares were withheld for tax obligations related to RSU vesting at a price of $20 per share.
- Also on February 28, 2025, 82,692 performance stock units (PSUs) were granted under the LTIP, with the number earned based on total shareholder return over a three-year period.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The PSUs will be eligible to be earned based on achievement with respect to an annualized absolute total shareholder return performance goal over a three-year performance period beginning with the last 20 trading days of 2024 through the last 20 trading days of 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the executive's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | 3,396 shares withheld for tax obligations related to RSU vesting at $19.5 per share. |
| 02/28/2025 | 27,564 RSUs granted under the LTIP, vesting in equal installments over three years; 82,692 PSUs granted, performance-based over three years. |
| 03/01/2025 | 2,923 shares withheld for tax obligations related to RSU vesting at $20 per share. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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