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.
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.
How many Permian Resources (PR) shares did the CFO sell on January 5, 2026?
On January 5, 2026, the CFO reported selling 128,837 shares of Class A Common Stock at a weighted average price of $13.76, and reported beneficial ownership of 789,587 shares afterward.
How many Permian Resources (PR) shares did the CFO sell on January 6, 2026?
On January 6, 2026, he reported selling 172,904 shares of Class A Common Stock at a weighted average price of $13.63, and reported beneficial ownership of 616,683 shares afterward.
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.
What price ranges applied to the Permian Resources (PR) share sales reported?
For the January 5, 2026 transactions, prices ranged from $13.50 to $14.38. For the January 6, 2026 transactions, prices ranged from $13.47 to $13.88, with each day’s reported price being a weighted average.