Form 4: Crescent Energy Co Director Bevin Brown Reports Changes in Beneficial Ownership

Director Bevin Brown reports acquisition and disposal of Crescent Energy Co Class A Common Stock related to restricted stock units.

Summary

• On April 1, 2025, Bevin Brown, a director of Crescent Energy Co, reported changes in beneficial ownership of the company's Class A Common Stock.
• Brown acquired 11,043 shares of Class A Common Stock through restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan at a price of $0.
• These RSUs will vest on April 1, 2026, contingent upon continued service.
• Brown also disposed of 25,354 shares.
• Following these transactions, Brown beneficially owns 25,354 shares.
• Brown serves as a director as a nominee of PT Independence Energy Holdings LLC and is an officer/employee of a Liberty Energy Holdings, LLC affiliate.
• Brown will transfer any director compensation, including Common Stock from RSU settlement, to Liberty and disclaims beneficial ownership except for pecuniary interests.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.

Future Outlook

The vesting of the RSUs on April 1, 2026, is contingent upon the reporting person's continued service.

Management Comments

• The reporting person has agreed that they will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation they receive from the Issuer, including any Common Stock received in settlement of the RSUs.
• The reporting person disclaims beneficial ownership of such RSUs, except to the extent of their pecuniary interests therein.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Related Party Transactions

• The reporting person will transfer director compensation, including Common Stock from RSU settlement, to Liberty Energy Holdings, LLC, an affiliate of PT Independence Energy Holdings LLC.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates

Keywords

beneficial ownership, Form 4, Crescent Energy Co, CRGY, director, Bevin Brown, restricted stock units, RSUs, equity incentive plan, Class A Common Stock