Crescent Energy (CRGY) director receives 17,411 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Langenhagen Conrad V. reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director Conrad V. Langenhagen received an equity award of 17,411 Class A Common Stock restricted stock units. The RSUs were granted at no cash cost under the Crescent Energy Company 2021 Equity Incentive Plan and will vest on April 1, 2027, if he remains in continuous service. Following this grant, his direct holdings reported in this filing total 24,773 shares, including the new award on a one-for-one RSU-to-share basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Langenhagen Conrad V.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,411 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 24,773 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 17,411 units
Holdings after transaction: 24,773 shares
Vesting date: April 1, 2027
+1 more
4 metrics
RSUs granted
17,411 units
Restricted stock units of Class A Common Stock granted to director
Holdings after transaction
24,773 shares
Total direct Class A Common Stock reported after grant
Vesting date
April 1, 2027
RSUs vest if continuous service is maintained through this date
Transaction code
A
Grant, award, or other acquisition of non-derivative security
Key Terms
restricted stock units, RSUs, 2021 Equity Incentive Plan, contingent right
4 terms
restricted stock units financial
"The shares of Crescent Energy Company Class A common stock reported are restricted stock units ("RSUs") granted"
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.
RSUs financial
"Each RSU represents a contingent right to receive one share of Common Stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2021 Equity Incentive Plan financial
"RSUs granted to the reporting person pursuant to the Crescent Energy Company 2021 Equity Incentive Plan."
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock."
FAQ
What insider transaction did Crescent Energy (CRGY) report for Conrad V. Langenhagen?
Crescent Energy reported that director Conrad V. Langenhagen received 17,411 restricted stock units of Class A Common Stock. These were granted as an equity award, not purchased on the open market, and form part of his overall compensation package.
When do Conrad V. Langenhagen’s new Crescent Energy (CRGY) RSUs vest?
The 17,411 restricted stock units granted to Conrad V. Langenhagen are scheduled to vest on April 1, 2027. Vesting is contingent on his continuous service with Crescent Energy through that date, according to the award terms.