Form 4: Crescent Energy Co Director Robert G. Gwin Reports Acquisition and Disposal of Class A Common Stock

Director Robert G. Gwin reports acquisition of 14,311 shares and disposal of shares of Crescent Energy Co Class A Common Stock on April 1, 2024.

Summary

• Robert G. Gwin, a director of Crescent Energy Co, filed a Form 4 on April 3, 2024.
• On April 1, 2024, Gwin acquired 14,311 shares of Class A Common Stock at $0 per share.
• Gwin also disposed of 34,870 shares of Class A Common Stock.
• These shares were acquired through restricted stock units (RSUs) granted under the Crescent Energy Company 2021 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of Common Stock.
• The RSUs will vest on April 1, 2025, subject to continuous service.

Sentiment

Score: 5

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

Future Outlook

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

Industry Context

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

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in beneficial ownership by a director.

Key Dates