Crescent Energy (CRGY) director awarded 17,411 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FARLEY CLAIRE S reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director Claire S. Farley received an equity award of 17,411 restricted stock units of Class A Common Stock. The award was granted at no cash cost under the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a right to receive one share of Common Stock and will vest on April 1, 2027, subject to her continuous service. Following this grant, she holds 63,324 shares directly, including the awarded RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FARLEY CLAIRE S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,411 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 63,324 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 17,411 RSUs
Grant price per share: $0.00 per share
Shares after transaction: 63,324 shares
+1 more
4 metrics
RSUs granted
17,411 RSUs
Award of Class A Common Stock RSUs to director
Grant price per share
$0.00 per share
Equity grant, non-cash award
Shares after transaction
63,324 shares
Total direct holdings following RSU grant
Vesting date
April 1, 2027
RSUs vest subject to continuous service
Key Terms
restricted stock units, Crescent Energy Company 2021 Equity Incentive Plan, continuous service, Class A Common Stock
4 terms
restricted stock units financial
"The shares ... 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"
continuous service financial
"The RSUs will vest on April 1, 2027, subject to the reporting person's continuous service"
Class A Common Stock financial
"shares of Crescent Energy Company ... Class A common stock ("Common Stock") reported are restricted stock units"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did Crescent Energy (CRGY) director Claire S. Farley receive in this Form 4?
Claire S. Farley received 17,411 restricted stock units of Crescent Energy Class A Common Stock. These RSUs are an equity compensation award, not an open-market purchase, and were granted under the company’s 2021 Equity Incentive Plan at no cash cost to her.
When do Claire S. Farley’s new Crescent Energy (CRGY) RSUs vest?
The 17,411 restricted stock units granted to Claire S. Farley will vest on April 1, 2027. Vesting is contingent on her continuous service with Crescent Energy through that date, meaning she must remain in her role for the units to convert into shares.
Are the Crescent Energy (CRGY) RSUs granted to Claire S. Farley immediately tradeable?
No, the RSUs are not immediately tradeable shares. Each restricted stock unit is a contingent right to receive one share of Class A Common Stock, which will be delivered only if the award vests on April 1, 2027, subject to continued service.
Under what plan were the new Crescent Energy (CRGY) RSUs granted?
The 17,411 restricted stock units granted to Claire S. Farley were issued under the Crescent Energy Company 2021 Equity Incentive Plan. This plan provides equity-based compensation, such as RSUs, to directors and other participants to align their interests with shareholders.