Diamondback (NASDAQ: FANG) officer to sell 7,500 shares from equity awards
Rhea-AI Filing Summary
Diamondback Energy, Inc. (FANG) is the issuer of common stock that Daniel N. Wesson, identified as an officer, has filed a notice to sell under Rule 144. The notice covers a proposed sale of 7,500 shares of Diamondback Energy common stock through Charles Schwab & Co., Inc. on NASDAQ, with an approximate aggregate market value of $1,614,054 as of the filing. These shares relate to equity compensation in the form of RSU/PSU awards with tranches of 1,337, 2,267, and 3,896 shares tied to dates in 2024, 2025, and 2026.
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Key Figures
Shares to be sold: 7,500 shares of common stock
Approximate aggregate market value: $1,614,054
Equity compensation tranche 1: 1,337 shares
+2 more
5 metrics
Shares to be sold
7,500 shares of common stock
Proposed Rule 144 sale by officer Daniel N. Wesson
Approximate aggregate market value
$1,614,054
Value associated with 7,500 shares in the Rule 144 notice
Equity compensation tranche 1
1,337 shares
RSU/PSU equity compensation tied to 03/01/2024
Equity compensation tranche 2
2,267 shares
RSU/PSU equity compensation tied to 03/01/2025
Equity compensation tranche 3
3,896 shares
RSU/PSU equity compensation tied to 03/01/2026
Key Terms
Rule 144, RSU / PSU, Equity Compensation
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
RSU / PSU financial
"Common | 03/01/2024 | RSU / PSU | Diamondback Energy, Inc."
Equity Compensation financial
"03/01/2024 | Equity Compensation Common | 03/01/2025"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
FAQ
What is being disclosed about Diamondback Energy, Inc. (FANG) in this Form 144?
The filing discloses that officer Daniel N. Wesson has filed a notice under Rule 144 to sell 7,500 shares of Diamondback Energy, Inc. common stock through Charles Schwab & Co., Inc. on NASDAQ, with an approximate aggregate market value of $1,614,054.
AI-generated analysis. How Rhea-AI works. Not financial advice.