Crescent Energy (CRGY) director awarded 17,411 RSUs vesting in 2027
Rhea-AI Filing Summary
Brown Bevin reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director Bevin Brown received a grant of 17,411 restricted stock units (RSUs) of Class A common stock as equity compensation. After this award, his reported direct holdings increased to 42,765 shares. Each RSU represents a contingent right to one share of common stock.
The RSUs will vest on April 1, 2027, if he continues serving through that date. Brown serves on the Board as a nominee of PT Independence Energy Holdings LLC and is affiliated with Liberty Energy Holdings, LLC. He has agreed to transfer any director compensation, including shares received from these RSUs, to Liberty and disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,411 | $0.00 | -- |
Footnotes (1)
- The shares of Crescent Energy Company (the "Issuer") Class A common stock ("Common Stock") reported are restricted stock units ("RSUs") granted to the reporting person pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2027, subject to the reporting person's continuous service through such date. The reporting person serves on the Board of Directors of the Issuer as a nominee of PT Independence Energy Holdings LLC ("PT Independence") and is an officer of, and an employee of an affiliate of, Liberty Energy Holdings, LLC ("Liberty"), a member of PT Independence. The reporting person has agreed that he will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation he receives from the Issuer, including any Common Stock received in settlement of the RSUs. The reporting person disclaims beneficial ownership of such RSUs, except to the extent of his pecuniary interests therein.