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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity in Unvested RSUs, DSUs, PSUs and Unvested RSAs The following table summarizes the share-based compensation expense recorded for each type of award for the years ended December 31, 2024, 2023, and 2022, in thousands.
 Year Ended December 31,
 202420232022
 
RSUs$5,980 $6,606 $4,463 
PSUs12,810 7,646 2,223 
DSUs2,438 2,014 1,277 
Sitio OpCo Restricted Stock Awards2,258 2,252 1,284 
RSUs Converted in the Brigham Merger246 246 2 
PSUs Converted in the Brigham Merger104 103 1 
Total$23,836 $18,867 $9,250 
The following table summarizes activity related to unvested RSUs for the year ended December 31, 2024.
 Restricted Stock Units
 
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 2024468,112$25.65 
Granted423,156 20.91 
Forfeited(37,321)24.65 
Vested(200,405)29.58 
Unvested at December 31, 2024653,542$22.34 
The following table summarizes activity related to unvested DSUs for the year ended December 31, 2024.
Deferred Share Units
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 202493,680$25.38 
Granted101,44024.12 
Forfeited—— 
Vested(144,400)20.70 
Unvested at December 31, 202450,720$24.12 
The following table summarizes activity related to unvested PSUs for the year ended December 31, 2024.
 Performance Stock Units
 
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 2024830,188$30.82 
Granted586,12324.57 
Forfeited(10,848)32.86 
Vested—— 
Unvested at December 31, 20241,405,463$28.20 
The following table summarizes activity related to unvested RSUs converted in the Brigham Merger for the year ended December 31, 2024.
 
Restricted Stock Units Converted in Brigham Merger
 
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 202411,040$30.15 
Granted—— 
Forfeited—— 
Vested(5,518)30.15 
Unvested at December 31, 20245,522$30.15 
The following table summarizes activity related to unvested PSUs converted in the Brigham Merger for the year ended December 31, 2024.
Performance Stock Units
Converted in Brigham Merger
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 20247,638$30.15 
Granted——
Forfeited— — 
Vested——
Unvested at December 31, 20247,638$30.15 
The following table summarizes activity related to unvested Sitio OpCo RSAs for the year ended December 31, 2024.
Sitio OpCo
Restricted Stock Awards
Number of
Shares
Grant Date
Fair Value
Unvested at January 1, 2024232,145$29.12 
Granted—— 
Forfeited—— 
Vested(77,382)29.12 
Unvested at December 31, 2024154,763$29.12 
Schedule of Performance Targets Associated
The performance targets associated with the PSU awards are outlined below:
 
Annualized
Absolute TSR
Goal
Percentage of
Target
PSUs Earned
Base of Range
Less than 0%
0 %
Threshold0 %50 %
Target10 %100 %
Maximum20 %200 %
Schedule of Weighted Average Assumptions to Determine Fair Value
The following table summarizes the assumptions used to determine the fair values of the PSUs:
Grant YearAverage Expected VolatilityRisk-Free Interest RateExpected Dividend Yield
2022
67.23% - 67.30%
2.89% - 4.18%
0.00%
2023
43.57% - 52.71%
3.97% - 4.60%
0.00%
2024
38.38% - 41.09%
4.23% - 4.48%
0.00%