0001628280-25-009586.txt : 20250303 0001628280-25-009586.hdr.sgml : 20250303 20250303194053 ACCESSION NUMBER: 0001628280-25-009586 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250227 FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McDavid Andrew Dax CENTRAL INDEX KEY: 0001960546 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41585 FILM NUMBER: 25700857 MAIL ADDRESS: STREET 1: 1401 LAWRENCE STREET STREET 2: SUITE 1750 CITY: DENVER STATE: CO ZIP: 80202 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sitio Royalties Corp. CENTRAL INDEX KEY: 0001949543 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 884140242 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1401 LAWRENCE STREET STREET 2: SUITE 1750 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: (720) 640-7620 MAIL ADDRESS: STREET 1: 1401 LAWRENCE STREET STREET 2: SUITE 1750 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Snapper Merger Sub I, Inc. DATE OF NAME CHANGE: 20221004 4 1 wk-form4_1741048846.xml FORM 4 X0508 4 2025-02-27 0 0001949543 Sitio Royalties Corp. STR 0001960546 McDavid Andrew Dax 1401 LAWRENCE STREET, SUITE 1750 DENVER CO 80202 0 1 0 0 See Remarks 0 Class A Common Stock 2025-02-27 4 F 0 3386 19.50 D 209378 D Class A Common Stock 2025-02-28 4 A 0 27564 0 A 236942 D Class A Common Stock 2025-03-01 4 F 0 2913 20 D 234029 D Performance Stock Units 2025-02-28 4 A 0 82692 0 A Class A Common Stock 82692 221999 D These shares were withheld by Sitio Royalties Corp. (the "Company") to satisfy the tax withholding obligations of the reporting person in connection with the vesting of one-third of an award of restricted stock units ("RSUs") on February 27, 2025. Represents the closing price of the Company's Class A common stock, par value $0.0001 per share ("Common Stock"), on the date of the tax withholding. Represents RSUs granted to the reporting person pursuant to the Sitio Royalties Corp. Long Term Incentive Plan (the "LTIP"). Each RSU represents a contingent right to receive one share of the Company's Common Stock. The RSUs will vest in equal one-third installments on each of the first three anniversaries of February 28, 2025, subject to the reporting person's continuous service through each vesting date. These shares were withheld by the Company to satisfy the tax withholding obligations of the reporting person in connection with the vesting of one-third of an award of RSUs on March 1, 2025. Represents the closing price of the Company's Common Stock on February 28, 2025, the trading date immediately preceding the date of the tax withholding. Represents performance stock units ("PSUs") granted to the reporting person pursuant to the LTIP in respect of calendar year 2025. Each PSU represents the right to receive one share of Common Stock. The PSUs will be eligible to be earned by the reporting person based on achievement with respect to an annualized absolute total shareholder return performance goal over a three-year performance period beginning with the last 20 trading days of 2024 through the last 20 trading days of 2027, subject to the reporting person's continuous service through the end of such performance period. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 200% of such target number. Executive Vice President, Corporate Development /s/ Andrew Dax McDavid, by Brett S. Riesenfeld as Attorney-in-Fact 2025-03-03