Form 4: Sitio Royalties Corp. Executive VP, Operations, Jarret J. Marcoux, Reports Tax Withholding Share Disposal
SEC Form 4 Filing
Jarret J. Marcoux, Executive Vice President, Operations of Sitio Royalties Corp., reports the disposal of 2,173 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 7, 2024, Jarret J. Marcoux, Executive Vice President, Operations at Sitio Royalties Corp., disposed of 2,173 shares of Class A Common Stock.
- The disposal was to cover 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, Marcoux directly owns 69,300 shares of Sitio Royalties Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction (disposal of shares for tax withholding). |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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