Form 4: Sitio Royalties Corp. Executive McDavid Dax Andrew Sells Shares to Cover Tax Obligations

Andrew Dax McDavid, Executive Vice President of Corporate Development at Sitio Royalties Corp., disposed of 4,298 shares of Class A Common Stock on December 29, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On December 29, 2024, Andrew Dax McDavid, an Executive Vice President at Sitio Royalties Corp., disposed of 4,298 shares of Class A Common Stock.
• The shares were sold to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The transaction was executed at a price of $18.55 per share.
• Following the transaction, McDavid directly owns 212,764 shares of Sitio Royalties Corp.
• The closing price of Sitio Royalties Corp.'s Class A common stock on December 27, 2024, was $18.55.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates