v3.25.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary 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 three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
RSUs$2,170 $1,565 $4,292 $2,893 
PSUs4,115 3,375 7,733 5,912 
DSUs616 614 1,219 1,205 
Sitio OpCo Restricted Stock Awards561 561 1,117 1,122 
RSUs Converted in the Brigham Merger— 62 53 123 
PSUs Converted in the Brigham Merger— 26 22 52 
Total$7,462 $6,203 $14,436 $11,307 
The following table summarizes activity related to unvested restricted stock units ("RSUs") for the six months ended June 30, 2025.
Restricted Stock Units
Number of
Shares 		Grant Date
Fair Value
Total awarded and unvested at January 1, 2025653,542$22.34 
Granted225,33119.92 
Forfeited— — 
Vested(208,320)23.61 
Total awarded and unvested at June 30, 2025670,553$21.08 
The following table summarizes activity related to unvested deferred share units ("DSUs") for the six months ended June 30, 2025.
 Deferred Share Units
 Number of
Shares 		Grant Date
Fair Value
Total awarded and unvested at January 1, 202550,720$24.12 
Granted129,728 18.82 
Forfeited—— 
Vested(50,720)24.12 
Total awarded and unvested at June 30, 2025129,728$18.82 
The following table summarizes activity related to unvested PSUs for the six months ended June 30, 2025.
Performance Stock Units
Number of
Shares 		Grant Date
Fair Value
Total awarded and unvested at January 1, 20251,405,463$28.20 
Granted632,69121.18 
Forfeited(16,647)25.13 
Vested(167,965)39.11 
Cancelled (unearned)
(132,948)39.11 
Total awarded and unvested at June 30, 20251,720,59423.74
The following table summarizes activity related to unvested Sitio OpCo restricted stock awards ("RSAs") for the six months ended June 30, 2025.
Sitio OpCo
Restricted Stock Awards
Number of
Shares 		Grant Date
Fair Value
Total awarded and unvested at January 1, 2025154,763$29.12 
Granted—— 
Forfeited—— 
Vested(77,382)29.12 
Total awarded and unvested at June 30, 202577,381$29.12 
Schedule of Weighted Average Assumptions to Determine Fair Value
The following table summarizes the assumptions used to determine the fair values of the performance stock units ("PSUs"):
Grant YearAverage Expected VolatilityRisk-Free Interest RateExpected Dividend Yield
2024
38.38% - 41.09%
4.23% - 4.48%
0.00%
2025
37.10%
3.95%
0.00%