Form 4: Viper Energy Director William Wesley Perry Reports Acquisition of Restricted Stock Units

Director William Wesley Perry reports acquiring 4,173 restricted stock units of Viper Energy, Inc. as part of a non-employee director grant.

Summary

• William Wesley Perry, a director of Viper Energy, Inc., filed a Form 4 to report changes in beneficial ownership.
• On May 20, 2025, Perry acquired 4,173 restricted stock units (RSUs) of Viper Energy's Class A Common Stock.
• These RSUs were granted as part of the annual non-employee director grant under the company's long-term incentive plan.
• The RSUs will vest on the earlier of the one-year anniversary of the grant date or the date of the 2026 annual meeting of stockholders.
• Following the transaction, Perry directly owns 78,743 shares of Viper Energy's Class A Common Stock.
• The reported transaction was signed by Teresa L. Dick, as attorney-in-fact for William Wesley Perry, on May 22, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The director's holdings will increase upon vesting of the restricted stock units, further aligning interests with shareholders.

Industry Context

Director compensation in the form of stock and restricted stock units is a common practice in the energy industry to incentivize performance and align management interests with shareholders.

Comparison to Industry Standards

• Companies like Diamondback Energy and Pioneer Natural Resources also utilize equity-based compensation for their directors.
• The amount of RSUs granted is likely benchmarked against peer companies to ensure competitive compensation for board members.

Stakeholder Impact

• Shareholders: Aligned interests with the director through equity ownership.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Next Steps

• The director will receive shares of Class A common stock upon vesting of the restricted stock units.
• The company will likely disclose further details on director compensation in its proxy statement.

Key Dates

Keywords

Viper Energy, Director, William Wesley Perry, Restricted Stock Units, RSUs, Form 4, Beneficial Ownership, Non-Employee Director Grant, Equity Securities