Form 4: Sitio Royalties Corp. Executive Marcoux Reports Tax Withholding Share Transaction

Executive Vice President of Operations, Jarret J. Marcoux, reports the withholding of 3,107 shares of Sitio Royalties Corp. Class A common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 1, 2024, Jarret J. Marcoux, Executive Vice President of Operations at Sitio Royalties Corp., had 3,107 shares of Class A common stock withheld by the company.
• This withholding was to satisfy tax obligations related to the vesting of one-third of a restricted stock unit award.
• The price per share for the tax withholding was $23.15, which was the closing price of the company's Class A common stock on that date.
• Following the transaction, Marcoux directly owns 71,473 shares of Sitio Royalties Corp.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine tax withholding transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the stock ownership of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in insider ownership due to tax obligations.

Key Dates