Diamondback Energy (FANG) CAO reports RSU grants and tax-withheld shares
Rhea-AI Filing Summary
Diamondback Energy executive Teresa L. Dick, CAO and Executive Vice President, reported equity award activity in company common stock. She acquired 5,250 time-based restricted stock units that vest in three equal installments beginning on March 1, 2026, and 18,432 performance-based restricted stock units tied to the 2023–2025 performance period that vested after the compensation committee certified results. The company also carried out several tax-withholding dispositions of shares at $174.08 per share in connection with these and prior time-based awards vesting on March 1, 2026. After these transactions and a small historical correction, she directly holds 118,255 shares of common stock.
Positive
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Insights
Routine RSU vesting and tax withholding with net share increase.
Teresa L. Dick received equity compensation in the form of 5,250 time-based RSUs and 18,432 performance-based RSUs settled in common stock. These awards stem from the company’s equity incentive plan and reflect both ongoing service and achievement of performance goals over the 2023–2025 period.
Several code F transactions show the issuer withholding shares at a price of $174.08 per share to cover tax obligations upon vesting of performance-based and time-based RSUs. Such tax-withholding dispositions are non-open-market and do not represent discretionary selling. Following these activities and a de minimis correction of prior ownership figures, Dick’s direct holdings stand at 118,255 common shares.
Overall, these entries indicate standard executive equity compensation and settlement mechanics rather than a directional trading signal. Future company filings for periods after March 1, 2026 may provide additional detail on subsequent equity awards or vesting cycles.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,250 | $0.00 | -- |
| Grant/Award | Common Stock | 18,432 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,153 | $174.08 | $1.42M |
| Tax Withholding | Common Stock | 679 | $174.08 | $118K |
| Tax Withholding | Common Stock | 820 | $174.08 | $143K |
| Tax Withholding | Common Stock | 772 | $174.08 | $134K |
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. The Reporting Person's previous Forms 4 incorrectly overstated the number of shares owned by a de minimis amount. The number of shares beneficially owned by the Reporting Person following the transactions reported herein has been updated accordingly. 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, 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 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.
