Permian Resources (NYSE: PR) EVP Regan sells 8,865 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Permian Resources Corp executive Shannon Robert Regan, EVP and Chief Accounting Officer, reported automatic sales of Class A Common Stock to cover taxes on a vesting restricted stock award. On March 4, 2026, he sold 5,000 shares at a weighted average price of $18.2790. On March 3, 2026, he sold 3,865 shares at a weighted average price of $18.7055. A footnote explains these were mandatory “sell to cover” transactions for tax withholding, not discretionary trades. After these sales, he held 1,351,802 shares directly, plus 500,000 shares held by SFIP 2024 LP and 500,000 shares held by Shannon Family Investment Partnership, LP, both investment partnerships controlled by him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,865 shares ($163,692)
Net Sell
4 txns
Insider
Shannon Robert Regan
Role
EVP, Chief Accounting Officer
Sold
8,865 shs ($164K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,000 | $18.279 | $91K |
| Sale | Class A Common Stock | 3,865 | $18.7055 | $72K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,351,802 shares (Direct);
Class A Common Stock — 500,000 shares (Indirect, By Investment Partnership)
Footnotes (1)
- Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of a restricted stock award. The sales were effected through a mandatory "sell to cover" transaction that did not represent a discretionary trade by the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.4850 to $19.1000. The reporting person undertakes to provide Permian Resources Corporation (the "Company"), any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.1400 to $18.3750. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Securities held directly by SFIP 2024 LP, an investment partnership controlled by the reporting person. Securities held directly by Shannon Family Investment Partnership, LP, an investment partnership controlled by the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Permian Resources (PR) report for Shannon Robert Regan?
Permian Resources reported that executive Shannon Robert Regan sold 8,865 shares of Class A Common Stock. The sales were automatic “sell to cover” transactions to satisfy tax withholding obligations tied to a vesting restricted stock award, rather than discretionary open-market selling by the executive.
Were the Permian Resources (PR) insider sales by Shannon Robert Regan discretionary trades?
No, the sales were described as mandatory “sell to cover” transactions. The filing states the shares were sold solely to cover tax withholding obligations arising from a vesting restricted stock award, and therefore did not represent discretionary open-market trading decisions by the reporting person.