Crescent Energy (CRGY) director receives 17,411 RSU grant vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hollingsworth Jarvis V. reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director Hollingsworth Jarvis V. received a grant of 17,411 restricted stock units of Class A common stock as compensation. Each RSU represents one share and carries no purchase price. Following this award, he holds 55,656 shares directly. The RSUs vest on April 1, 2027, if he remains in continuous service through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hollingsworth Jarvis 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 — 55,656 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 17,411 units
Grant price: $0.00 per share
Holdings after grant: 55,656 shares
+1 more
4 metrics
RSUs granted
17,411 units
Grant of Class A Common Stock RSUs to director
Grant price
$0.00 per share
Equity incentive grant with no purchase price
Holdings after grant
55,656 shares
Total direct Class A Common Stock holdings post-transaction
RSU vesting date
April 1, 2027
Vesting contingent on continuous service through this date
Key Terms
restricted stock units, Crescent Energy Company 2021 Equity Incentive Plan, contingent right
3 terms
restricted stock units financial
"The shares of Crescent Energy Company ... reported are restricted stock units ("RSUs") granted to the reporting person"
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.
Crescent Energy Company 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 did Crescent Energy Co (CRGY) director Hollingsworth Jarvis V. report on this Form 4?
He reported receiving 17,411 restricted stock units of Class A common stock as a grant. These RSUs were awarded under the Crescent Energy Company 2021 Equity Incentive Plan and increase his direct holdings to 55,656 shares after the transaction.
What are the key terms of the RSU grant reported for Crescent Energy Co (CRGY)?
The grant consists of 17,411 restricted stock units, each equal to one share of Class A common stock. The RSUs were granted at no purchase price and will vest on April 1, 2027, contingent on the director’s continuous service through that vesting date.
When do the Crescent Energy Co (CRGY) RSUs granted to Hollingsworth Jarvis V. vest?
The restricted stock units vest on April 1, 2027. Vesting is conditional on Hollingsworth Jarvis V. maintaining continuous service with Crescent Energy through that date, as specified in the grant under the 2021 Equity Incentive Plan.
Was the Crescent Energy Co (CRGY) Form 4 transaction a market purchase or sale?
No, it was not a market trade. The Form 4 shows an "A" code transaction, a grant or award acquisition of 17,411 restricted stock units at a price of $0.00 per share, reflecting equity compensation rather than an open-market buy or sell.