Crescent Energy (CRGY) officer gets performance shares as tax withholding reduces net stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crescent Energy Co officer John Clayton Rynd reported compensation-related share movements, not open-market trading. On March 16, 2026, 43,935 shares of Class A common stock were delivered to him at the direction of KKR Energy Assets Manager LLC as part of an earned performance-based award originally granted to the manager in 2021.
On the same date, 11,251 shares were withheld by the manager to cover tax withholding obligations tied to this award. Following these transactions, Rynd directly holds 39,684 shares of Class A common stock. The filing reflects equity compensation vesting and tax withholding rather than discretionary buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rynd John Clayton
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A common stock, par value $0.0001 per share | 43,935 | $0.00 | -- |
| Other | Class A common stock, par value $0.0001 per share | 11,251 | $11.80 | $133K |
Holdings After Transaction:
Class A common stock, par value $0.0001 per share — 50,935 shares (Direct)
Footnotes (1)
- The shares of Crescent Energy Company Class A common stock ("Common Stock") reported were delivered to the reporting person at the direction of KKR Energy Assets Manager LLC (the "Manager") and represent a portion of the earned shares under the performance-based vesting award (the "Manager Award") originally granted to the Manager on December 6, 2021 under the Crescent Energy Company 2021 Manager Incentive Plan. Represents shares of Common Stock withheld by the Manager to satisfy tax withholding obligations with respect to the portion of the earned shares under the Manager Award delivered to the reporting person.
FAQ
What insider transactions did Crescent Energy Co (CRGY) report for John Clayton Rynd?
Crescent Energy reported that officer John Clayton Rynd received 43,935 Class A shares as part of a performance-based award. On the same date, 11,251 shares were withheld to satisfy related tax obligations, reflecting equity compensation mechanics rather than open-market buying or selling.
Were the CRGY insider transactions for John Clayton Rynd open-market buys or sells?
The transactions were not open-market buys or sells. Shares were delivered as part of an earned performance-based award, and a portion was withheld to cover tax obligations. Both are compensation and tax events, classified as “other acquisition or disposition” under transaction code J.
What is the role of KKR Energy Assets Manager LLC in the CRGY Form 4 transactions?
KKR Energy Assets Manager LLC directed the delivery and withholding of the reported Crescent Energy shares. The delivered shares represent part of an earned performance-based vesting award originally granted to the manager, and the withheld shares satisfied tax obligations tied to that same award.
What does transaction code J mean in the Crescent Energy (CRGY) Form 4 for John Clayton Rynd?
Transaction code J indicates “other acquisition or disposition” rather than a straightforward purchase or sale. In this case, it covers delivery of performance-based award shares to John Clayton Rynd and the separate withholding of shares to meet associated tax withholding obligations.