0001539838-22-000029.txt : 20220303 0001539838-22-000029.hdr.sgml : 20220303 20220303172323 ACCESSION NUMBER: 0001539838-22-000029 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220301 FILED AS OF DATE: 20220303 DATE AS OF CHANGE: 20220303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wesson Daniel N CENTRAL INDEX KEY: 0001805429 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35700 FILM NUMBER: 22710406 MAIL ADDRESS: STREET 1: 500 WEST TEXAS AVENUE STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Diamondback Energy, Inc. CENTRAL INDEX KEY: 0001539838 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 405-463-6900 MAIL ADDRESS: STREET 1: 500 WEST TEXAS STREET 2: SUITE 1200 CITY: MIDLAND STATE: TX ZIP: 79701 4 1 wf-form4_164634618935361.xml FORM 4 X0306 4 2022-03-01 0 0001539838 Diamondback Energy, Inc. FANG 0001805429 Wesson Daniel N 500 WEST TEXAS SUITE 1200 MIDLAND TX 79701 0 1 0 0 Exec. VP & COO Common Stock 2022-03-01 4 A 0 6921 0 A 36712 D Common Stock 2022-03-01 4 A 0 5932 0 A 42644 D Common Stock 2022-03-01 4 F 0 2361 138.10 D 40283 D Common Stock 2022-03-01 4 F 0 1167 138.10 D 39116 D Common Stock 2022-03-01 4 F 0 1018 138.10 D 38098 D Common Stock 2022-03-01 4 F 0 908 138.10 D 37190 D Common Stock 2022-03-03 4 S 0 3500 134.9482 D 33690 D These securities are restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.01 per share, of the issuer. These restricted stock units were granted under the issuer's equity incentive plan and will vest in three equal installments beginning on March 1, 2022. These securities are performance-based restricted stock units for the performance period from January 1, 2019 to December 31, 2021 that were granted under the issuer's equity incentive plan on March 1, 2019. All of these performance-based restricted stock units vested as of December 31, 2021 upon certification by the issuer's compensation committee of the applicable performance conditions on February 21, 2022. The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement of the performance-based restricted stock units granted on March 1, 2019 and vested upon certification by the issuer's compensation committee on February 21, 2022. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022. The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the third tranche of the time-based restricted stock units granted to the reporting person on March 1, 2020. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022. The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the second tranche of the time-based restricted stock units granted to the reporting person on March 1, 2021. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022. The issuer withheld shares of common stock that would have otherwise been issuable to the reporting person to satisfy the issuer's tax withholding obligations in connection with the vesting and settlement on March 1, 2022 of the first tranche of the time-based restricted stock units granted to the reporting person on March 1, 2022. The number of shares of common stock withheld was determined based on the closing price per share of the issuer's common stock on February 28, 2022. The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $134.87 per share to $134.99 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. /s/ Teresa L. Dick as attorney-in-fact for Daniel N. Wesson 2022-03-03