Director Albrecht awarded 17,411 RSUs at Crescent Energy (CRGY)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albrecht William E reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director William E. Albrecht received an equity grant of 17,411 restricted stock units (RSUs) of Class A Common Stock. The award was made at no cash cost to him and is part of the Crescent Energy Company 2021 Equity Incentive Plan.
Each RSU represents the right to receive one share of Class A Common Stock. The RSUs are scheduled to vest on April 1, 2027, if he continues in service through that date. Following this grant, he directly holds 82,075 shares of Class A Common Stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Albrecht William E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,411 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 82,075 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 17,411 RSUs
Vesting date: April 1, 2027
Holdings after grant: 82,075 shares
+1 more
4 metrics
RSU grant size
17,411 RSUs
Restricted stock units of Class A Common Stock granted to director
Vesting date
April 1, 2027
RSUs vest if continuous service is maintained to this date
Holdings after grant
82,075 shares
Total Class A Common Stock directly held following the RSU award
Grant price per share
$0.0000
Indicates stock-based compensation, not a cash purchase
Key Terms
restricted stock units, RSUs, 2021 Equity Incentive Plan, vest
4 terms
restricted stock units financial
"The shares of Crescent Energy Company Class A common stock 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.
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"
vest financial
"The RSUs will vest on April 1, 2027, subject to the reporting person's continuous service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Crescent Energy (CRGY) disclose about William E. Albrecht in this Form 4?
Crescent Energy reported that director William E. Albrecht received a grant of 17,411 restricted stock units. These RSUs were awarded under the company’s 2021 Equity Incentive Plan and represent compensation in the form of stock-based awards rather than a cash transaction.
How many Crescent Energy (CRGY) RSUs were granted to William E. Albrecht?
William E. Albrecht was granted 17,411 restricted stock units of Crescent Energy Class A Common Stock. Each RSU represents a right to receive one share, aligning his compensation with shareholder interests through future stock ownership when the units vest.
When do William E. Albrecht’s Crescent Energy (CRGY) RSUs vest?
The 17,411 restricted stock units granted to William E. Albrecht are scheduled to vest on April 1, 2027. Vesting is contingent on his continuous service with Crescent Energy through that date, meaning he must remain in his role to receive the underlying shares.
Was cash paid for the Crescent Energy (CRGY) RSU grant to William E. Albrecht?
No cash was paid for the RSU grant to William E. Albrecht; the transaction price per share is reported as $0.0000. The award represents stock-based compensation under the 2021 Equity Incentive Plan rather than an open-market purchase or sale of shares.
What plan governs William E. Albrecht’s RSU award from Crescent Energy (CRGY)?
The RSU award to William E. Albrecht was granted under the Crescent Energy Company 2021 Equity Incentive Plan. This plan provides equity-based compensation, with each RSU representing a contingent right to receive one share of Class A Common Stock at vesting.