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

Britton L. James, Executive Vice President of Land at Sitio Royalties Corp., disposed of 2,442 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On June 7, 2024, Britton L. James, Executive Vice President of Land at Sitio Royalties Corp., disposed of 2,442 shares of Class A Common Stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The shares were sold at a price of $22.25 per share.
• Following the transaction, James directly owns 66,983 shares of Sitio Royalties Corp. Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates