[Form 4] Permian Resources Corporation Insider Trading Activity
John Charles Bell, EVP and General Counsel of Permian Resources Corporation (PR), reported transactions on 09/02/2025. He executed a mandatory sell-to-cover of 4,743 Class A common shares to satisfy tax withholding from the vesting of restricted stock at a weighted average price of $14.2112 (sales ranged $14.08–$14.41). Following that disposition, he directly owned 107,569 Class A shares. On the same date he was awarded 38,787 restricted Class A shares at $0 that vest in three equal annual installments beginning 09/02/2026, bringing his post-transaction beneficial ownership to 146,356 shares. The Form 4 was signed on 09/04/2025.
- Restricted stock award of 38,787 shares increases the reporting person's alignment with shareholders by raising beneficial ownership to 146,356 shares.
- Vesting schedule over three equal annual installments beginning 09/02/2026 supports retention incentives.
- Sell-to-cover was mandatory and disclosed as non-discretionary, indicating no opportunistic trading by the insider.
- Sell-to-cover reduced immediate holdings by 4,743 shares, lowering direct ownership to 107,569 prior to the award.
- No information on percentage ownership of outstanding shares is provided, limiting assessment of materiality relative to company size.
Insights
TL;DR: Routine executive equity award with a mandatory sell-to-cover for taxes; no unusual trading or change in control signals.
The filing shows a standard restricted stock grant and corresponding sell-to-cover to satisfy tax obligations upon vesting. The award of 38,787 shares at $0 increases the reporting person's economic stake to 146,356 shares, which may align his interests with shareholders over future vesting periods. The reported sale of 4,743 shares was non-discretionary and executed solely to cover withholding taxes, with sale prices reported between $14.08 and $14.41. This is a commonplace insider transaction and does not, on its face, indicate material shifts in ownership or corporate strategy.
TL;DR: Governance practices appear standard—award subject to multi-year vesting and mandatory sell-to-cover used for tax compliance.
The restricted stock award vesting in three equal annual installments beginning 09/02/2026 suggests a retention-oriented compensation design. The mandatory sell-to-cover mechanism is disclosed and quantified, including the weighted average sale price and price range, satisfying transparency expectations under Section 16 reporting. No amendments, derivative transactions, or related-party arrangements are disclosed, and the filing is timely with a 09/04/2025 signature date.