Permian Resources Corp (PR) CFO reports mandatory sell-to-cover trades
Rhea-AI Filing Summary
Permian Resources Corp executive Guy M. Oliphint, EVP and Chief Financial Officer, reported sales of company Class A common stock mainly to cover taxes on vesting equity awards. On January 5, 2026, he sold 128,837 shares at a weighted average price of $13.76, leaving 789,587 shares beneficially owned. On January 6, 2026, he sold 172,904 shares at a weighted average price of $13.63, leaving 616,683 shares beneficially owned. The filing explains that these were mandatory “sell to cover” transactions to satisfy tax withholding obligations and did not represent discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 172,904 | $13.63 | $2.36M |
| Sale | Class A Common Stock | 128,837 | $13.76 | $1.77M |
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 performance stock units and 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 $13.50 to $14.38, inclusive. The reporting person undertakes to provide to the Registrant (as defined below), any security holder of the Registrant, or 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 $13.47 to $13.88, inclusive. The reporting person undertakes to provide to the Registrant (as defined below), any security holder of the Registrant, or 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.
FAQ
Who is the insider in this Permian Resources Corp (PR) Form 4 filing?
The insider is Guy M. Oliphint, who serves as Executive Vice President and Chief Financial Officer of Permian Resources Corp.
Why were these Permian Resources (PR) insider stock sales executed?
The filing states the shares were sold to cover tax withholding obligations related to the vesting of performance stock units and a restricted stock award, through a mandatory “sell to cover” transaction.
Were the Permian Resources (PR) CFO’s stock sales discretionary trades?
No. The disclosure explains that the sales were effected through a mandatory “sell to cover” arrangement and did not represent discretionary trades by the reporting person.