Form 4: Crescent Energy Co Director Erich Bobinsky Reports Changes in Beneficial Ownership

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

Summary

• Erich Bobinsky, a director of Crescent Energy Co, filed a Form 4 detailing changes in beneficial ownership.
• On April 1, 2025, Bobinsky acquired 11,043 shares of Class A Common Stock through restricted stock units (RSUs) at a price of $0.
• The RSUs were granted under the Crescent Energy Company 2021 Equity Incentive Plan and represent a contingent right to receive one share of Common Stock each.
• These RSUs will vest on April 1, 2026, contingent upon continuous service.
• Bobinsky also disposed of 25,354 shares.
• Bobinsky serves on the Board as a nominee of PT Independence Energy Holdings LLC and is an officer of Liberty Energy Holdings, LLC.
• He has agreed to 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, so the sentiment is neutral.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in ownership by a company director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Crescent Energy Co, Erich Bobinsky, RSUs, Director, Equity Incentive Plan, Class A Common Stock