0001509589-23-000024.txt : 20230223 0001509589-23-000024.hdr.sgml : 20230223 20230223201655 ACCESSION NUMBER: 0001509589-23-000024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230222 FILED AS OF DATE: 20230223 DATE AS OF CHANGE: 20230223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garbiso Sandra CENTRAL INDEX KEY: 0001722393 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35371 FILM NUMBER: 23661909 MAIL ADDRESS: STREET 1: 410 - 17TH STREET, SUITE 1400 CITY: DENVER STATE: CO ZIP: 80202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIVITAS RESOURCES, INC. CENTRAL INDEX KEY: 0001509589 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 611630631 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 555 - 17TH STREET, SUITE 3700 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 303-293-9100 MAIL ADDRESS: STREET 1: 555 - 17TH STREET, SUITE 3700 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Bonanza Creek Energy, Inc. DATE OF NAME CHANGE: 20110106 4 1 edgardoc.xml PRIMARY DOCUMENT X0306 4 2023-02-22 0 0001509589 CIVITAS RESOURCES, INC. CIVI 0001722393 Garbiso Sandra 555 - 17TH STREET, SUITE 3700 DENVER CO 80202 0 1 0 0 CAO and Treasurer Common Stock 2023-02-22 4 A 0 15069 0.0 A 43067 D Common Stock 2023-02-22 4 F 0 6656 61.83 D 36411 D Common Stock 2023-02-23 4 F 0 752 62.05 D 35659 D In June of 2020 the reporting person was granted a performance unit award with a performance period beginning on January 1, 2020 and ending on December 31, 2022, based on the Issuer's absolute and relative total shareholder return ("TSR") and its return on capital employed ("ROCE"), as further specified in the award agreement. The actual number of shares that may vest ranges from zero to 200% of the target number of shares. On February 22, 2023, the Compensation Committee determined that there was: (1) a 200% payout with respect to the TSR-based performance units, and (2) a 92% payout with respect to the ROCE-based performance units. Represents shares withheld to satisfy tax withholding obligations upon vesting of the performance stock units. Represents shares withheld to satisfy tax withholding obligations upon vesting of restricted stock units. By: Roberta L. Louis, attorney-in-fact For: Sandra Garbiso 2023-02-23