Diamondback Energy (FANG) CEO receives stock units, shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Diamondback Energy, Inc. reported that Chief Executive Officer Matthew Kaes Van't Hof received equity awards and related tax withholdings involving the company’s common stock. On March 1, 2026, he acquired 24,501, 36,436 and 2,636 shares through grants and vesting of restricted and performance-based stock units under the equity incentive plan.
The filing also shows several "F" code transactions where the issuer withheld shares, at a price of $174.08 per share, to cover tax obligations tied to these vesting events. After these grant and withholding transactions, Van't Hof directly owned 158,614 shares of Diamondback Energy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Van't Hof Matthew Kaes
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 24,501 | $0.00 | -- |
| Grant/Award | Common Stock | 36,436 | $0.00 | -- |
| Grant/Award | Common Stock | 2,636 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,338 | $174.08 | $2.50M |
| Tax Withholding | Common Stock | 1,038 | $174.08 | $181K |
| Tax Withholding | Common Stock | 1,182 | $174.08 | $206K |
| Tax Withholding | Common Stock | 1,446 | $174.08 | $252K |
| Tax Withholding | Common Stock | 1,302 | $174.08 | $227K |
| Tax Withholding | Common Stock | 3,214 | $174.08 | $559K |
| Tax Withholding | Common Stock | 692 | $174.08 | $120K |
Holdings After Transaction:
Common Stock — 142,754 shares (Direct)
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. These securities reflect the vesting and settlement of the second tranche of the performance-based restricted stock units for the performance period from January 1, 2019 to December 31, 2021 that were granted under the issuer's equity incentive plan on March 1, 2019, as certified by the issuer's compensation committee, subject to continuous service requirements, vesting and settling in five substantially equal annual installments beginning on March 1, 2025. The number of shares were determined based on achieving 100% of target upon certification by the compensation committee of attainment of the applicable performance conditions on February 21, 2022. 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 second tranche of the performance-based restricted stock units granted to the reporting person on March 1, 2019. 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 second tranche of the time-based restricted stock units granted to the reporting person on May 21, 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. 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, 2019. 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.
FAQ
What did Diamondback Energy (FANG) CEO report in this Form 4?
The Form 4 shows the CEO received stock through vested restricted and performance-based units and had shares withheld to cover taxes. These transactions reflect equity compensation mechanics, not open-market buying or selling of Diamondback Energy common stock.
What are the performance-based restricted stock units mentioned for Diamondback Energy?
The performance-based restricted stock units cover performance periods such as January 1, 2023 to December 31, 2025. Vesting and settlement occurred after the compensation committee certified that the applicable performance conditions under Diamondback Energy’s equity incentive plan had been achieved.
Do these Form 4 transactions show open-market trading by Diamondback Energy’s CEO?
No. The filing describes equity grants, vesting of restricted and performance-based stock units, and issuer share withholding for taxes. These are compensation and tax-settlement events, not discretionary open-market purchases or sales by the CEO of Diamondback Energy.