STOCK TITAN

Diamondback Energy (NASDAQ: FANG) EVP reports new stock units and tax share withholdings

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Diamondback Energy, Inc. executive vice president and chief engineer Albert Barkmann reported equity compensation and related tax withholding transactions in common stock. He received two awards on March 1, 2026: 3,500 restricted stock units that vest in three equal installments beginning on March 1, 2027, and 6,430 performance-based restricted stock units that had vested as of December 31, 2025 after the compensation committee certified the applicable performance conditions and will settle on March 1, 2026.

To cover tax obligations tied to these vesting and settlement events, the issuer withheld a total of 3,521 shares of common stock at a price of $174.08 per share, reflected through four code "F" transactions. These withholdings relate to performance-based units granted on March 1, 2023 and time-based restricted stock units granted on March 1, 2023, March 1, 2024, and March 1, 2025. Following these grants and withholdings, Barkmann directly held 31,571 shares of Diamondback Energy common stock, and a footnote notes that prior Forms 4 had overstated his ownership by a de minimis amount, which has now been corrected.

Positive

  • None.

Negative

  • None.
Insider Barkmann Albert
Role Exec. VP and Chief Engineer
Type Security Shares Price Value
Grant/Award Common Stock 3,500 $0.00 --
Grant/Award Common Stock 6,430 $0.00 --
Tax Withholding Common Stock 2,440 $174.08 $425K
Tax Withholding Common Stock 281 $174.08 $49K
Tax Withholding Common Stock 340 $174.08 $59K
Tax Withholding Common Stock 460 $174.08 $80K
Holdings After Transaction: Common Stock — 28,662 shares (Direct)
Footnotes (1)
  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, 2027. 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, 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, 2023. 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, 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 first 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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Barkmann Albert

(Last) (First) (Middle)
500 WEST TEXAS AVENUE
SUITE 100

(Street)
MIDLAND TX 79701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Diamondback Energy, Inc. [ FANG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Exec. VP and Chief Engineer
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/01/2026 A 3,500(1) A $0 28,662(2) D
Common Stock 03/01/2026 A 6,430(3) A $0 35,092 D
Common Stock 03/01/2026 F 2,440(4) D $174.08 32,652 D
Common Stock 03/01/2026 F 281(5) D $174.08 32,371 D
Common Stock 03/01/2026 F 340(6) D $174.08 32,031 D
Common Stock 03/01/2026 F 460(7) D $174.08 31,571 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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, 2027.
2. 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.
3. 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.
4. 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.
5. 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, 2023. 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.
6. 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, 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.
7. 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, 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.
Remarks:
/s/ Matt Zmigrosky, as attorney-in-fact for Albert Barkmann 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Diamondback Energy (FANG) disclose about Albert Barkmann’s recent stock awards?

Diamondback Energy reported that executive vice president and chief engineer Albert Barkmann received 3,500 time-based restricted stock units and 6,430 performance-based restricted stock units. These awards were granted under the company’s equity incentive plan and are tied to multi-year service and performance periods.

When do Albert Barkmann’s new restricted stock units in Diamondback Energy (FANG) vest?

Barkmann’s 3,500 time-based restricted stock units vest in three equal installments beginning on March 1, 2027. His 6,430 performance-based restricted stock units had already vested as of December 31, 2025, after the compensation committee certified the applicable performance conditions for the 2023–2025 period.

Why were Diamondback Energy (FANG) shares withheld in Albert Barkmann’s Form 4 filing?

The company withheld 3,521 shares of common stock to satisfy its tax withholding obligations tied to the vesting and settlement of performance-based and time-based restricted stock units. These tax-related withholdings are reflected as code “F” dispositions, not open-market sales, at a price of $174.08 per share.

How many Diamondback Energy (FANG) shares does Albert Barkmann own after these transactions?

After the reported grants and tax-withholding dispositions, Barkmann directly holds 31,571 shares of Diamondback Energy common stock. A footnote explains that his previous Forms 4 slightly overstated his ownership, and the updated figure reflects a de minimis correction to his reported beneficial holdings.

What performance period applied to Albert Barkmann’s performance-based restricted stock units at Diamondback Energy (FANG)?

The performance-based restricted stock units cover the period from January 1, 2023 to December 31, 2025. They vested once Diamondback’s compensation committee certified the applicable performance conditions, with settlement scheduled for March 1, 2026 under the company’s equity incentive plan.