Director at Crescent Energy (CRGY) receives 17,411 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCAIN ELLIS L reported acquisition or exercise transactions in this Form 4 filing.
Crescent Energy Co director Ellis L. McCain received a grant of 17,411 restricted stock units (RSUs) of Class A Common Stock. The RSUs were awarded under the Crescent Energy Company 2021 Equity Incentive Plan at no cash cost and represent a right to receive one share per unit.
The RSUs will vest on April 1, 2027, if McCain continues to provide service through that date. Following this award, McCain is reported as directly owning 96,389 shares of Crescent Energy Co common stock, including the granted RSUs as reported in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MCCAIN ELLIS L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,411 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 96,389 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 17,411 RSUs
Post-grant holdings: 96,389 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
17,411 RSUs
Restricted stock units of Class A Common Stock granted to director
Post-grant holdings
96,389 shares
Total Class A Common Stock reported as directly owned after transaction
Grant price
$0.0000 per share
Stated transaction price per share for the RSU award
RSU vesting date
April 1, 2027
Date on which RSUs vest, subject to continuous service
Key Terms
restricted stock units ("RSUs"), Crescent Energy Company 2021 Equity Incentive Plan, continuous service
3 terms
restricted stock units ("RSUs") financial
"The shares ... reported are restricted stock units ("RSUs") granted to the reporting person"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
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"
FAQ
What did Crescent Energy Co (CRGY) director Ellis L. McCain report on this Form 4?
Ellis L. McCain reported receiving 17,411 restricted stock units of Crescent Energy Class A Common Stock. These RSUs were granted as equity compensation and increase his reported direct holdings to 96,389 shares, according to the post-transaction ownership figure in the filing.
When do Ellis L. McCain’s 17,411 Crescent Energy (CRGY) RSUs vest?
The 17,411 restricted stock units are scheduled to vest on April 1, 2027. Vesting is contingent on McCain’s continuous service with Crescent Energy through that date, after which each RSU converts into one share of Class A Common Stock.
What plan governs the RSU grant reported by Crescent Energy (CRGY) director Ellis L. McCain?
The restricted stock units granted to McCain were issued under the Crescent Energy Company 2021 Equity Incentive Plan. This plan authorizes equity-based awards like RSUs, which provide a contingent right to receive common shares if vesting conditions are satisfied.