Diamondback Energy (FANG) awards director 982 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REEVES ROBERT K reported acquisition or exercise transactions in this Form 4 filing.
Diamondback Energy, Inc. director Robert K. Reeves received an award of 982 shares of common stock in the form of restricted stock units. The grant was made at no cash cost to him as an annual non-employee director grant under the company’s equity incentive plan. These restricted stock units each represent the right to receive one share of common stock and will vest on the earlier of the one-year anniversary of the grant date and the date of Diamondback’s 2027 annual meeting of stockholders. Following this award, Reeves directly holds 6,066 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REEVES ROBERT K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 982 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,066 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 982 shares
Post-grant holdings: 6,066 shares
Grant price per share: $0.0000 per share
3 metrics
RSU grant size
982 shares
Restricted stock units granted to Robert K. Reeves
Post-grant holdings
6,066 shares
Total Diamondback Energy common stock held directly after grant
Grant price per share
$0.0000 per share
Reported transaction price for the restricted stock unit award
Key Terms
restricted stock units, equity incentive plan, annual non-employee director grant
3 terms
restricted stock units financial
"These securities are restricted stock units, each representing a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plan financial
"granted to Mr. Reeves as an annual non-employee director grant under the issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
annual non-employee director grant financial
"These restricted stock units were granted to Mr. Reeves as an annual non-employee director grant"
FAQ
What insider transaction did Diamondback Energy (FANG) report for Robert K. Reeves?
Diamondback Energy reported that director Robert K. Reeves received 982 restricted stock units as an annual non-employee director grant. Each unit represents one share of common stock granted at no cash cost to him.
What are the terms of the restricted stock units granted by Diamondback Energy (FANG)?
The restricted stock units each represent a contingent right to receive one share of Diamondback Energy common stock. They were granted as an annual non-employee director award and will vest based on specified timing tied to a future date and the 2027 annual meeting.
When will Robert K. Reeves’s Diamondback Energy (FANG) restricted stock units vest?
The restricted stock units will vest on the earlier of the one-year anniversary of the grant date and the date of Diamondback Energy’s 2027 annual meeting of stockholders, according to the footnote in the Form 4 filing.