M. Christopher Doyle - Feb 12, 2025 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
CEO & President, Director
Signature
By: Adrian Milton, Attorney-in-Fact for M. Christopher Doyle
Stock symbol
CIVI
Transactions as of
Feb 12, 2025
Transactions value $
-$704,325
Form type
4
Date filed
2/14/2025, 04:57 PM
Previous filing
May 3, 2024
Next filing
Feb 20, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIVI Common Stock Options Exercise $0 +21.3K +16.65% $0.00 149K Feb 12, 2025 Direct F1
transaction CIVI Common Stock Award $0 +12.5K +8.39% $0.00 161K Feb 12, 2025 Direct F2
transaction CIVI Common Stock Tax liability -$704K -13.7K -8.46% $51.58 148K Feb 12, 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIVI Performance Stock Units Options Exercise $0 -21.3K -100% $0.00 0 Feb 12, 2025 Common Stock 21.3K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In May 2022, the reporting person was granted a performance stock unit award with a performance period beginning on November 1, 2021 and ending on December 31, 2024, based on the Issuer's absolute total stockholder return ("aTSR"). On February 12, 2025, the Compensation Committee determined that there was a payout with respect to the aTSR-based performance stock units.
F2 In May 2022, the reporting person was granted a performance stock unit award with a performance period beginning on November 1, 2021 and ending on December 31, 2024, based on the Issuer's relative total stockholder return ("rTSR"). On February 12, 2025, the Compensation Committee determined that there was a payout with respect to the rTSR-based performance stock units.
F3 Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.