Permian Resources EVP & CAO Executes Routine Sell-to-Cover Transaction
Permian Resources Corp
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Filing Summary
📋 Form 4 Filing Alert: Permian Resources Corp ($PR) Insider: Shannon Robert Regan (EVP, Chief Accounting Officer) Transaction: Disposed 5,104 shares of Class A Common Stock at ~$23.75 ($121,227.66 total value). Post-Transaction Direct Ownership: 1,346,698 shares (plus 1,000,000 indirect shares). Note: Mandatory sell-to-cover transaction to satisfy tax withholding obligations upon RSU vesting.
Comprehensive Analysis
Insider Filing Analysis: Permian Resources Corp ($PR)
Transaction Overview
On September 3, 2026, Shannon Robert Regan, EVP and Chief Accounting Officer of Permian Resources Corp, disposed of 5,104 shares of Class A Common Stock at a weighted average price of $23.7515, totaling approximately $121,228.
Key details include:
- Transaction Nature: Non-discretionary "sell-to-cover" transaction to satisfy tax withholding obligations resulting from the vesting of restricted stock units.
- Derivative Grant: On September 1, 2026, the insider received an award of 24,306 Restricted Stock Units (RSUs) scheduled to vest in three annual installments starting September 2027.
- Post-Transaction Holdings: Following the sale, Mr. Regan retains 1,346,698 shares directly and an additional 1,000,000 shares indirectly across two investment partnerships (SFIP 2024 LP and Shannon Family Investment Partnership, L.P.).
Significance and Market Impact
- Trading Significance: Low. The disposition represents a routine, mandatory tax withholding sale rather than an open-market discretionary divestment, comprising a negligible fraction of the insider's total ownership stake (>2.34 million shares).
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