PrimeEnergy Resources holder updates 56.7% stake
PrimeEnergy Resources Corp’s Chairman and CEO, Charles E. Drimal Jr., filed Amendment No. 11 to update his beneficial ownership in the company’s common stock.
Rhea-AI Filing Summary
PrimeEnergy Resources Corp’s Chairman and CEO, Charles E. Drimal Jr., filed Amendment No. 11 to update his beneficial ownership in the company’s common stock.
He reports beneficial ownership of 1,323,070 shares, which includes 520,644 shares he directly holds, 697,500 options with strike prices between $1.00 and $1.25 that are presently exercisable, and 104,926 shares over which he has sole voting power through voting agreements.
Based on 1,635,000 shares outstanding as of November 12, 2025 plus the 697,500 exercisable options, he may be deemed to beneficially own 56.7% of the outstanding shares. No shares were bought or sold; the amendment mainly reflects the termination of certain prior voting agreements and the execution of new agreements with Jan K. Smeets and the William Nygren Revocable Trust, effective through December 31, 2026. Drimal states he has no dispositive power or pecuniary interest in the shares covered by these voting agreements and no current plans for major corporate changes.
Positive
- None.
Negative
- None.
Insights
Amended filing updates a controlling insider’s voting arrangements without new share purchases or sales.
Charles E. Drimal Jr., PrimeEnergy’s Chairman, CEO and President, updates his reported beneficial ownership to 1,323,070 shares, including 697,500 presently exercisable options and 104,926 shares covered by voting agreements. On this basis, he may be deemed to control 56.7% of outstanding shares.
The amendment clarifies that no shares were traded and that changes arise from replacing and expiring voting agreements. Drimal has sole voting but no dispositive power or pecuniary interest in the 104,926 agreement shares; dividends and sale proceeds remain with the record holders.
He also indicates no current plans for acquisitions, dispositions, or major corporate actions such as mergers, asset sales, governance changes, or listing status changes. Overall, this looks like an administrative update to reflect current voting arrangements rather than a new strategic move.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the latest Schedule 13D/A for PNRG disclose about Charles E. Drimal Jr.’s ownership?
How is the 56.7% beneficial ownership percentage for PNRG calculated in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.