On June 24, 2024, Dawn K. Smajstrla was appointed Chief Accounting Officer of Sitio Royalties Corp. (the ?Company?), effective immediately. In addition, Ms. Smajstrla assumed the role of principal accounting officer from Ms. Carrie Osicka, who will remain the Company?s Chief Financial Officer and principal financial officer.

Ms. Smajstrla, 53, previously served as Vice President and Chief Accounting Officer of the general partner of Black Stone Minerals, L.P. from September 2015 through June 2024. Prior to that, she was employed at LRR Energy, LP from December 2013 to September 2015 as Vice President, Controller, and Chief Accounting Officer. She also worked at Goodrich Petroleum from 2010 through 2013 as Vice President, Controller, and Principal Accounting Officer.

Ms. Smajstrla was employed by Anadarko Petroleum from 2008 to 2010 in financial reporting and corporate audit roles. Prior to joining Anadarko, Ms. Smajstrla worked in various financial reporting and corporate accounting roles for 13 years. Ms. Smajstrla received B.S. and M.B.A. degrees from The University of Houston.

Ms. Smajstrla is a Certified Public Accountant. In connection with Ms. Smajstrla?s appointment, Ms. Smajstrla?s compensation package includes: (1) an annual base salary of $350,000; (2) an annualized short-term incentive award target value of 36% of base salary in cash; (3) an annualized long-term incentive award target value of 200% of base salary under the Company?s Long-Term Incentive Plan (the ?LTIP?) beginning in 2024, 75% of which is comprised of restricted stock units (?RSUs?) and 25% of which is comprised of performance share units (?PSUs?); and (4) a one-time grant under the LTIP of 26,750 RSUs, which vest ratably over a three-year period, and 15,604 PSUs, which cliff vest on the three year anniversary of the grant date. Ms. Smajstrla is expected to also be eligible to participate in the Company?s Severance Plan.