Form 4: Crescent Energy Co Officer Bo Shi Reports Changes in Beneficial Ownership

Bo Shi, General Counsel and Corporate Secretary of Crescent Energy Co, reports acquisition and disposal of Class A Common Stock and Restricted Stock Units (RSUs).

Summary

• On April 1, 2024, Bo Shi, General Counsel and Corporate Secretary of Crescent Energy Co, reported changes in beneficial ownership.
• Shi acquired 22,361 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.
• Shi also disposed of 1,624 shares of Class A Common Stock at a price of $11.68.
• Following these transactions, Shi directly owns 44,861 shares of Class A Common Stock.
• The RSUs will vest in substantially equal installments on April 1, 2025, April 1, 2026, and April 1, 2027, subject to continuous employment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Positives

• The grant of RSUs to Bo Shi aligns his interests with the long-term performance of Crescent Energy Co.

Future Outlook

The RSUs will vest in substantially equal installments on April 1, 2025, April 1, 2026, and April 1, 2027, subject to the reporting person's continuous employment through each such date.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in Bo Shi's holdings of Crescent Energy Co stock.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders, reflecting changes in insider ownership.

Key Dates