Form 4: Crescent Energy Co Director Claire S. Farley Reports Changes in Beneficial Ownership

Director Claire S. Farley reports acquisition and disposal of Crescent Energy Co Class A Common Stock, including the grant of restricted stock units.

Summary

• On April 1, 2024, Claire S. Farley, a director of Crescent Energy Co, reported changes in beneficial ownership of the company's Class A Common Stock.
• Farley acquired 14,311 shares of Class A Common Stock at $0, representing restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of Common Stock, vesting on April 1, 2025, contingent upon continued service.
• Farley also disposed of shares, resulting in a total of 34,870 shares beneficially owned following the reported transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders, incentivizing long-term performance.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding the holdings of a company director.

Key Dates