March 1, 2024 · Form 4 insider transaction
Thompson Jere W III sold 3,419 shares of Diamondback Energy, Inc. at $182.52 per share, a transaction worth $624.0K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
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 15, 2021 and vested upon certification by the issuer's compensation committee on February 16, 2024. 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 29, 2024.