Share-based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Restricted Stock Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of activity in unvested RSUs, DSUs, PSUs and unvested RSAs

The following table summarizes activity related to unvested RSUs for the six months ended June 30, 2022.

	Restricted Stock Units
	Number of Shares			Grant Date  Fair Value
Unvested at January 1, 2022		—		$	—
Granted		339,993			29.12
Forfeited		(348	)		29.12
Vested		—			—
Unvested at June 30, 2022		339,645		$	29.12

Deferred Share Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of activity in unvested RSUs, DSUs, PSUs and unvested RSAs

The following table summarizes activity related to unvested DSUs for the six months ended June 30, 2022.

	Deferred Share Units
	Number of Shares		Grant Date Fair Value
Unvested at January 1, 2022		—	$	—
Granted		52,155		29.12
Forfeited		—		—
Vested		—		—
Unvested at June 30, 2022		52,155	$	29.12

Performance Stock Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of activity in unvested RSUs, DSUs, PSUs and unvested RSAs

The following table summarizes activity related to unvested PSUs for the six months ended June 30, 2022.

	Preferred Stock Units
	Number of Shares		Grant Date Fair Value
Unvested at January 1, 2022		—	$	—
Granted		300,913		39.11
Forfeited		—		—
Vested		—		—
Unvested at June 30, 2022		300,913	$	39.11

Summary of Performance Targets Associated

The performance targets associated with the PSU award structure are outlined below:

	Annualized Absolute TSR Goal			Percentage of Target PSUs Earned
Base of Range	Less than 0%				0	%
Threshold		0	%		50	%
Target		10	%		100	%
Maximum		20	%		200	%

Schedule of weighted average assumptions to determine fair value

The following table summarizes the weighted average fair value of the PSUs and the assumptions used to determine the fair value :


 

	2022
Volatility		67.23	%
Risk-free rate		2.89	%
Dividend yield		0.00	%
Weighted average fair value	$	39.11

Sitio OpCo Restricted Stock Awards [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of activity in unvested RSUs, DSUs, PSUs and unvested RSAs

The following table summarizes activity related to unvested Sitio OpCo RSAs for the six months ended June 30, 2022.

	Sitio OpCo Restricted Stock Awards
	Number of Shares		Grant Date Fair Value
Unvested at January 1, 2022		—	$	—
Granted		309,527		29.12
Forfeited		—		—
Vested		—		—
Unvested at June 30, 2022		309,527	$	29.12