Diamondback Energy (NASDAQ: FANG) EVP reports new stock units and tax share withholdings
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 Trade Summary
| 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 |
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, 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.