Permian Resources EVP sells 5,104 shares for taxes
Rhea-AI Filing Summary
Permian Resources Corp (PR) reported that EVP and Chief Accounting Officer Shannon Robert Regan had a mandatory sale of 5,104 shares of Class A Common Stock on September 3, 2026 at a weighted average price of $23.7515 to cover tax withholding on a vesting restricted stock award; this sale was a required “sell to cover” and not a discretionary trade. On September 1, 2026 Regan also received a grant of 24,306 Restricted Stock Units, each representing a contingent right to one share of Class A Common Stock, vesting in three substantially equal annual installments in 2027, 2028, and 2029, subject to continued employment. Following these transactions, Regan holds 1,346,698 shares directly and additionally has 500,000 shares held through SFIP 2024 LP and 500,000 shares through Shannon Family Investment Partnership, L.P., both investment partnerships controlled by him.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,104 shares
Net Sell
4 txns
Insider
Shannon Robert Regan
Role
EVP, Chief Accounting Officer
Sold
5,104 shs ($121K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 5,104 | $23.7515 | $121K |
| Grant/Award | Restricted Stock Unit F5, F6 | 24,306 | $0.00 | $0.00 |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 24,306 contracts (Direct);
Class A Common Stock — 1,346,698 shares (Direct);
Class A Common Stock — 500,000 shares (Indirect, By Investment Partnership);
Class A Common Stock — 500,000 shares (Indirect, By Investment Partnership LP)
Footnotes (6)
- F1. 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.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.6800 to $23.8200, inclusive. The reporting person undertakes to provide to Permian Resources Corporation (the "Company"), any security holder of the Company, or staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. Securities held directly by SFIP 2024 LP, an investment partnership controlled by the reporting person.
- F4. Securities held by Shannon Family Investment Partnership, L.P., an investment partnership controlled by the reporting person.
- F5. Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock, par value $0.0001 per share ("Common Stock"), of Permian Resources Corporation, the (the "Issuer"), if the Reporting Person remains employed with the Issuer at the time in which such units are scheduled to become vested. The Restricted Stock Units may be settled in shares of Common Stock or cash (or a combination thereof), at the Issuer's discretion, and generally do not carry a Conversion Price, Exercisable Date or Expiration Date.
- F6. Represents an award of Restricted Stock Units that vest in three substantially equal annual installments on September 2, 2027, September 5, 2028 and September 4, 2029.
Key Figures
Shares sold to cover taxes: 5,104 shares
Weighted average sale price: $23.7515 per share
Direct holdings after sale: 1,346,698 shares
+4 more
7 metrics
Shares sold to cover taxes
5,104 shares
Mandatory sale on September 3, 2026 to cover tax withholding on vesting restricted stock award
Weighted average sale price
$23.7515 per share
Price for 5,104-share mandatory sale on September 3, 2026, with individual trades from $23.68 to $23.82
Direct holdings after sale
1,346,698 shares
Class A Common Stock held directly by Shannon Robert Regan following the September 3, 2026 transaction
Indirect holdings via SFIP 2024 LP
500,000 shares
Class A Common Stock held by SFIP 2024 LP, an investment partnership controlled by Shannon Robert Regan
Indirect holdings via Shannon Family Investment Partnership, L.P.
500,000 shares
Class A Common Stock held by Shannon Family Investment Partnership, L.P., an investment partnership controlled by Shannon Robert Regan
Restricted Stock Units granted
24,306 units
RSU award on September 1, 2026, each unit representing a contingent right to one share of Class A Common Stock
RSU vesting schedule
3 annual installments
24,306 RSUs vest in three substantially equal installments on September 2, 2027, September 5, 2028, and September 4, 2029
Key Terms
Restricted Stock Unit, sell to cover, weighted average price, investment partnership
4 terms
Restricted Stock Unit financial
"Represents an award of Restricted Stock Units that vest in three substantially equal annual installments"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"The sales were effected through a mandatory "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
investment partnership financial
"Securities held directly by SFIP 2024 LP, an investment partnership controlled by the reporting person"
FAQ
What stock sale did Permian Resources (PR) executive Shannon Regan report on this Form 4?
Shannon Robert Regan reported selling 5,104 shares of Permian Resources Class A Common Stock on September 3, 2026 at a weighted average price of $23.7515 per share in a mandatory transaction to cover tax withholding on a vesting restricted stock award.
What new Restricted Stock Units did Shannon Regan receive from Permian Resources (PR)?
On September 1, 2026, Shannon Robert Regan received an award of 24,306 Restricted Stock Units, each representing a contingent right to receive one share of PR Class A Common Stock. The units may be settled in stock, cash, or a combination, at the issuer’s discretion.
When do the newly granted PR Restricted Stock Units vest for Shannon Regan?
The 24,306 RSUs granted on September 1, 2026 vest in three substantially equal annual installments on September 2, 2027, September 5, 2028, and September 4, 2029, subject to Shannon Robert Regan remaining employed with Permian Resources at each vesting date.
What indirect holdings in Permian Resources (PR) are reported for Shannon Regan?
The filing reports 500,000 PR shares held by SFIP 2024 LP and 500,000 PR shares held by Shannon Family Investment Partnership, L.P., both described as investment partnerships controlled by Shannon Robert Regan, and reported as indirect ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
