Form 4: Crescent Energy Co Director Bevin Brown Reports Stock Transactions

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

Summary

• Director Bevin Brown reported transactions involving Crescent Energy Co Class A Common Stock on April 1, 2024.
• The transactions involved the acquisition of 14,311 shares of Class A Common Stock at $0 related to restricted stock units (RSUs).
• The director also disposed of 25,739 shares.
• Following the reported transactions, the director beneficially owns 25,739 shares.
• The RSUs will vest on April 1, 2025, contingent upon continuous service.
• The director serves on the Board as a nominee of PT Independence Energy Holdings LLC and is an officer of Liberty Energy Holdings, LLC.
• The director will transfer any director compensation, including Common Stock received in settlement of the RSUs, to Liberty and disclaims beneficial ownership of such RSUs, except to the extent of her pecuniary interests therein.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The RSUs will vest on April 1, 2025, subject to the reporting person's continuous service through such date.

Management Comments

• The reporting person has agreed that she will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation she receives 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 her pecuniary interests therein.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the energy industry and other publicly traded sectors.

Key Dates