Mail Holdings entity tied to Permian Resources (PR) director sells 512,429 shares
Rhea-AI Filing Summary
Permian Resources Corp director-related entity sells shares. An entity controlled by director William J. Quinn, Mail Holdings, L.P., sold 512,429 shares of Permian Resources Class A Common Stock in an open-market transaction at a weighted average price of $19.59 per share. Following this sale, Quinn is reported as indirectly owning 6,914,410 shares through Mail Holdings, L.P. and directly owning 1,018,745 shares, indicating he retains a large equity position in the company after the transaction.
Positive
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Negative
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Insights
Director-linked entity executes sizable but partial share sale.
An entity controlled by director William J. Quinn, Mail Holdings, L.P., sold 512,429 shares of Permian Resources Corp Class A Common Stock at a weighted average of $19.59 per share. The sales occurred across multiple trades between $19.53 and $19.68.
After the sale, Quinn is reported with 6,914,410 indirectly held shares and 1,018,745 directly held shares. This suggests the transaction represents only a portion of his overall exposure, consistent with portfolio or liquidity management rather than an exit.
The filing does not reference derivative exercises, tax withholding, or a Rule 10b5-1 plan, and shows no remaining derivative positions. Subsequent company filings may provide additional context on any future insider trading activity or changes in Quinn’s aggregate holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 512,429 | $19.59 | $10.04M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares of Class A Common Stock were sold in multiple transactions at prices ranging from $19.53 to $19.68, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Class A Common Stock sold at each separate price within the ranges set forth herein. Shares of Class A Common Stock held directly by Mail Holdings, L.P. which is controlled by the Reporting Person. The Reporting Person disclaims beneficial ownership except to the extent of their pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission of beneficial ownership of any or all of the reported securities for the purposes of Section 16 or for any other purpose.