Diamondback Energy (FANG) Proxy Filing summary

Executive summary

• Annual Meeting of Stockholders scheduled for May 21, 2025, at the Petroleum Club of Midland, Texas, at 10:00 a.m. Central Time.

• Proxy materials, including the 2024 Annual Report and 2025 Proxy Statement, are available online, by email, or by mail.

• Shareholders are encouraged to review proxy materials and vote electronically or by requesting a paper copy.

Voting matters and shareholder proposals

• Election of 13 directors, with the Board recommending a vote FOR all nominees.

• Advisory approval of named executive officer compensation, with Board recommending FOR.

• Ratification of Grant Thornton LLP as independent auditors for fiscal year ending December 31, 2025, with Board recommending FOR.

• Stockholder proposal regarding certain executive severance arrangements, with Board recommending AGAINST.

Board of directors and corporate governance

• Board recommends a slate of 13 director nominees for election at the annual meeting.