Diamondback Energy (FANG) chair reports stock awards and tax withholding moves
Rhea-AI Filing Summary
Diamondback Energy Executive Chairman Travis D. Stice reported multiple equity-related transactions in common stock. On March 1, 2026, he acquired 18,200 restricted stock units under the company’s equity incentive plan, scheduled to vest in three equal installments beginning on March 1, 2026.
He also reported the vesting of 81,018 performance-based restricted stock units for the performance period from January 1, 2023 to December 31, 2025, which settled on March 1, 2026 after the compensation committee certified performance conditions. To cover tax withholding obligations tied to these and time-based awards, the issuer withheld several blocks of common stock, including 31,884 shares at $174.08 per share. Following these transactions, Stice reported direct ownership of common stock and indirect ownership of 369,271 shares held by Stice Investments, Ltd., which is managed by an entity owned by Stice and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 18,200 | $0.00 | -- |
| Grant/Award | Common Stock | 81,018 | $0.00 | -- |
| Tax Withholding | Common Stock | 31,884 | $174.08 | $5.55M |
| Tax Withholding | Common Stock | 2,881 | $174.08 | $502K |
| Tax Withholding | Common Stock | 4,422 | $174.08 | $770K |
| Tax Withholding | Common Stock | 2,388 | $174.08 | $416K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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, 2026. These securities are performance-based restricted stock units for the performance period from January 1, 2023 to December 31, 2025 that were granted under the issuer's equity incentive plan on March 1, 2023. All of these performance-based restricted stock units vested as of December 31, 2025 following the certification by the issuer's compensation committee of the applicable performance conditions for such performance-based restricted stock unit awards settling on March 1, 2026. 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, 2023 and vested as of December 31, 2025 following the certification by the issuer's compensation committee of the applicable performance conditions for such performance-based restricted stock unit awards settling on March 1, 2026. 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 27, 2025. 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, 2026 of the third tranche of the time-based restricted stock units granted to the reporting person on March 1, 2024. 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 27, 2026. 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, 2026 of the second tranche of the time-based restricted stock units granted to the reporting person on March 1, 2025. 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 27, 2026. 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, 2026 of the first tranche of the time-based restricted stock units granted to the reporting person on March 1, 2026. 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 27, 2026. These securities are held by Stice Investments, Ltd., which is managed by Stice Management, LLC, its general partner. Mr. Stice and his spouse hold 100% of the membership interests in Stice Management, LLC, of which Mr. Stice is the manager.