Permian Resources EVP & General Counsel Reports Routine Sell-to-Cover and RSU Grant
Permian Resources Corp
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Filing Summary
Permian Resources Corp ($PR) — Form 4 Filing Summary • Insider: John Charles Bell (EVP, General Counsel) • Transaction: Mandatory Sell-to-Cover (5,492 shares @ $23.7538) worth ~$130,456 • Grant: 24,306 Restricted Stock Units (RSUs) on 2026-09-01 • Post-Transaction Holdings: 1,561,680 Class A Common shares • Significance: Low (Routine equity grant and automated tax withholding sale)
Comprehensive Analysis
Permian Resources Corp ($PR) Insider Filing Analysis
Transaction Overview
On September 3, 2026, John Charles Bell, EVP and General Counsel of Permian Resources Corp, disposed of 5,492 shares of Class A Common Stock at a weighted average price of $23.7538 per share, generating gross proceeds of approximately $130,456.
Key highlights from the filing:
- Mandatory Tax Withholding: As disclosed in Footnote 1, the sale was a mandatory "sell to cover" transaction required to fulfill tax withholding obligations tied to the vesting of restricted stock units and was not a discretionary market trade.
- Equity Grant: On September 1, 2026, the insider was awarded 24,306 Restricted Stock Units (RSUs) vesting over three equal annual installments through September 2029.
- Post-Transaction Direct Ownership: Bell continues to directly hold 1,561,680 shares of Class A Common Stock following the transaction.
Market Impact & Interpretation
The trading significance is Low. The non-discretionary nature of the sale alongside routine annual RSU grants reflects standard executive compensation administration rather than a shift in executive sentiment.
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