Form 4: Sitio Royalties Executive Reports Routine Stock Withholding for Tax Obligations

Jarret J. Marcoux, Executive Vice President of Operations at Sitio Royalties Corp., reported the forfeiture and withholding of Class C Common Stock, OpCo Units, and Class A Common Stock to cover tax liabilities associated with equity vesting.

Summary

• Jarret J. Marcoux, Executive Vice President, Operations of Sitio Royalties Corp. (STR), filed a Form 4 detailing changes in his beneficial ownership.
• On June 6, 2025, Mr. Marcoux disposed of 3,176 shares of Class C Common Stock and 3,176 Sitio Royalties Operating Partnership, LP Units (OpCo Units).
• These dispositions were forfeitures/cancellations to satisfy tax withholding obligations related to the vesting of a portion of his Class C Common Stock.
• Following this transaction, Mr. Marcoux beneficially owns 38,732 shares of Class C Common Stock and 38,732 OpCo Units directly.
• On June 7, 2025, Mr. Marcoux disposed of 1,349 shares of Class A Common Stock at a price of $19.95 per share.
• These Class A shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of one-third of a restricted stock unit award.
• After this transaction, Mr. Marcoux beneficially owns 89,196 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports routine tax-related transactions of vested equity, which are common and do not indicate a change in company performance or management's confidence.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Jarret J. Marcoux is identified as the Executive Vice President, Operations.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation and tax withholding, which is a common occurrence across all industries for executives receiving stock-based awards. It does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The transactions represent a minor reduction in direct insider holdings due to tax obligations, which is a routine event and generally has no material impact on shareholder value or perception.

Key Dates

Recommendation

Keywords

Sitio Royalties Corp., STR, SEC Form 4, Insider Transaction, Stock Ownership, Tax Withholding, Restricted Stock Units, OpCo Units, Equity Vesting, Jarret J. Marcoux