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Filing Details

Accession Number:: 0001539838-22-000029
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-03 17:23:23
Reporting Period:: 2022-03-01

Accepted Time:: 2022-03-03 17:23:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1539838	Diamondback Energy Inc.	FANG	Crude Petroleum & Natural Gas (1311)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1805429	N Daniel Wesson	500 West Texas Suite 1200 Midland TX 79701	Exec. Vp & Coo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2022-03-01	6,921	$0.00	36,712	No	4	A	Direct
Common Stock	Acquisiton	2022-03-01	5,932	$0.00	42,644	No	4	A	Direct
Common Stock	Disposition	2022-03-01	2,361	$138.10	40,283	No	4	F	Direct
Common Stock	Disposition	2022-03-01	1,167	$138.10	39,116	No	4	F	Direct
Common Stock	Disposition	2022-03-01	1,018	$138.10	38,098	No	4	F	Direct
Common Stock	Disposition	2022-03-01	908	$138.10	37,190	No	4	F	Direct
Common Stock	Disposition	2022-03-03	3,500	$134.95	33,690	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	S	Direct

Footnotes

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, 2022.
These securities are 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. All of these performance-based restricted stock units vested as of December 31, 2021 upon certification by the issuer's compensation committee 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, 2019 and vested upon certification by the issuer's compensation committee on February 21, 2022. 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 28, 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 on March 1, 2022 of the third tranche of the time-based restricted stock units granted to the reporting person on March 1, 2020. 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 28, 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 on March 1, 2022 of the second tranche of the time-based restricted stock units granted to the reporting person on March 1, 2021. 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 28, 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 on March 1, 2022 of the first tranche of the time-based restricted stock units granted to the reporting person on March 1, 2022. 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 28, 2022.
The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $134.87 per share to $134.99 per share, inclusive. The reporting person undertakes to provide to Diamondback Energy, Inc., any security holder of Diamondback Energy, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.