Diamondback Energy (FANG) director awarded 982 RSUs and updates share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meloy Charles Alvin reported acquisition or exercise transactions in this Form 4 filing.
Diamondback Energy director Charles Alvin Meloy received an equity award of 982 restricted stock units, each representing one share of common stock. The grant was made as an annual non-employee director award under the company’s equity incentive plan at a price of $0.00 per unit.
These restricted stock units will vest on the earlier of the one-year anniversary of the grant date and the date of Diamondback Energy’s 2027 annual meeting of stockholders. After this grant, Meloy holds 3,257 shares of common stock directly and 934,864 shares indirectly through Wolfrock Energy, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meloy Charles Alvin
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 982 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,257 shares (Direct, null);
Common Stock — 934,864 shares (Indirect, Wolfrock Energy, LLC)
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 to Mr. Meloy as an annual non-employee director grant under the issuer's equity incentive plan and will vest on the earlier of the one-year anniversary of the date of grant and the date of the 2027 annual meeting of stockholders of the issuer. These securities are held directly by Wolfrock Energy, LLC, a Texas limited liability company whose sole member is CS Ventures, Ltd. CS Ventures, Ltd. is controlled by its general partner, Meloy Management, LLC, which is controlled by the Reporting Person.
Key Figures
RSUs granted: 982 shares
Grant price: $0.00 per share
Direct holdings after grant: 3,257 shares
+2 more
5 metrics
RSUs granted
982 shares
Annual non-employee director grant of restricted stock units
Grant price
$0.00 per share
Price per restricted stock unit in the director grant
Direct holdings after grant
3,257 shares
Diamondback Energy common stock held directly by Meloy
Indirect holdings
934,864 shares
Common stock held indirectly through Wolfrock Energy, LLC
Vesting condition
Earlier of 1-year from grant or 2027 meeting
RSUs vest by one-year anniversary or 2027 annual meeting
Key Terms
restricted stock units, equity incentive plan, annual non-employee director grant, annual meeting of stockholders, +1 more
5 terms
restricted stock units financial
"These securities are restricted stock units, each representing a contingent right to receive one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plan financial
"These restricted stock units were granted to Mr. Meloy as an annual non-employee director grant under the issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
annual non-employee director grant financial
"These restricted stock units were granted to Mr. Meloy as an annual non-employee director grant under the issuer's equity incentive plan"
annual meeting of stockholders financial
"will vest on the earlier of the one-year anniversary of the date of grant and the date of the 2027 annual meeting of stockholders of the issuer"
indirect ownership financial
"These securities are held directly by Wolfrock Energy, LLC, a Texas limited liability company whose sole member is CS Ventures, Ltd."
FAQ
What did Charles Alvin Meloy report in his latest Form 4 for FANG?
Charles Alvin Meloy reported receiving 982 restricted stock units in Diamondback Energy common stock as an annual non-employee director grant, plus his updated direct and indirect share holdings following this equity award.
When do Charles Meloy’s new Diamondback Energy restricted stock units vest?
The restricted stock units vest on the earlier of the one-year anniversary of the grant date and Diamondback Energy’s 2027 annual meeting of stockholders, aligning the director’s compensation with continued board service over that period.
What are the restricted stock units granted to Meloy by Diamondback Energy?
The restricted stock units are equity awards that each represent a contingent right to receive one share of Diamondback Energy common stock, par value $0.01, subject to the specified vesting conditions tied to time and the 2027 annual meeting.