CIVITAS RESOURCES, INC. — Director's Dealing 2022

Jan 24, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CIVITAS RESOURCES, INC. (CIVI)
CIK: 0001509589
Period of Report: 2022-01-21

Reporting Person: Greager Eric T. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-21	Common Stock	A	39580	$0.0	Acquired	217407	Direct
2022-01-21	Common Stock	F	17482	$53.67	Disposed	199925	Direct

Footnotes

F1: In May of 2019 the reporting person was granted a performance unit award with a performance period beginning on January 1, 2019 and ending on December 31, 2021, 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 January 21, 2022, the Compensation Committee determined that there was: (1) no payout with respect to the ROCE-based performance units, and (2) a 200% payout with respect to the TSR-based performance units.

F2: Represents shares withheld to satisfy tax withholding obligations upon vesting of performance stock units.