Marianella Foschi - Feb 23, 2025 Form 4 Insider Report for CIVITAS RESOURCES, INC. (CIVI)

Role
CFO & Treasurer
Signature
By: Adrian Milton, Attorney-in-Fact for Marianella Foschi
Stock symbol
CIVI
Transactions as of
Feb 23, 2025
Transactions value $
-$49,600
Form type
4
Date filed
2/25/2025, 05:40 PM
Previous filing
Feb 20, 2025
Next filing
Feb 28, 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 Tax liability -$49.6K -1.01K -0.97% $49.06 103K Feb 23, 2025 Direct F1
transaction CIVI Common Stock Award $0 +14.1K +13.73% $0.00 117K Feb 24, 2025 Direct F2

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 Award $0 +32.9K $0.00 32.9K Feb 24, 2025 Common Stock 32.9K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units.
F2 The restricted stock units are scheduled to vest in three equal installments on February 24, 2026, February 24, 2027, and February 24, 2028.
F3 The number of performance stock units that could be earned and vest under this grant depend on the Issuer's absolute total shareholder return over the performance period beginning on January 1, 2025 and ending on December 31, 2027. The actual number of shares that may vest ranges from zero to 225% of the target number of shares.