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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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
