Form 4: Crescent Energy COO Granted 183,895 RSUs

Crescent Energy's Chief Operating Officer, Jerome D. Hall JR, was granted 183,895 restricted stock units, vesting through 2028.

Summary

• Jerome D. Hall JR, Chief Operating Officer of Crescent Energy Co (CRGY), was granted 183,895 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• The transaction occurred on September 26, 2025, with an acquisition price of $0 per share, as is typical for RSU grants.
• Following this transaction, Jerome D. Hall JR beneficially owns 183,895 shares of Class A Common Stock directly.
• The RSUs were granted under the Crescent Energy Company 2021 Equity Incentive Plan.
• 116,144 of the RSUs will vest in their entirety on June 2, 2026, contingent on continuous service.
• The remaining 67,751 RSUs will vest in substantially equal installments on June 2, 2026, June 2, 2027, and June 2, 2028, also subject to continuous employment.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive event, as it aligns management incentives with shareholder interests and promotes long-term retention. It does not, however, directly reflect operational or financial performance.

Positives

• The grant of restricted stock units aligns the Chief Operating Officer's long-term interests with those of shareholders, promoting executive retention and performance.
• The equity incentive plan demonstrates a commitment to attracting and retaining key talent within the company.

Risks

• The reporting person's beneficial ownership of the RSUs is contingent on continuous service or employment through the specified vesting dates, meaning forfeiture could occur if employment ceases.
• The value of the RSUs upon vesting is subject to the future market price of Crescent Energy Company's Class A Common Stock, introducing market risk.

Future Outlook

The vesting schedule for the granted RSUs extends through June 2028, indicating a planned long-term retention strategy for the Chief Operating Officer, subject to continuous service.

Industry Context

The grant of restricted stock units to a Chief Operating Officer is a common practice in the energy sector and broader corporate landscape for executive compensation, aiming to incentivize long-term performance and align management interests with shareholder value creation.

Comparison to Industry Standards

• Not applicable as this filing details an executive stock grant, not operational or financial performance that can be directly compared to industry benchmarks or specific comparable companies/projects.

Stakeholder Impact

• Shareholders: Positive impact due to enhanced alignment of executive incentives with long-term company performance and shareholder value.
• Employees (specifically the reporting person): Positive impact through increased equity ownership and long-term compensation potential, contingent on continued employment.

Next Steps

• Vesting of 116,144 RSUs on June 2, 2026, subject to continuous service.
• First installment vesting of 67,751 RSUs on June 2, 2026, subject to continuous employment.
• Second installment vesting of 67,751 RSUs on June 2, 2027, subject to continuous employment.
• Third and final installment vesting of 67,751 RSUs on June 2, 2028, subject to continuous employment.

Key Dates

Recommendation

The filing reports a routine executive stock grant, which aligns management incentives with shareholder interests but does not provide new information to alter the fundamental investment thesis for Crescent Energy Co. This type of transaction is a standard component of executive compensation and typically does not warrant a change in investment recommendation on its own.

Keywords

Crescent Energy, CRGY, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, Equity Grant, Form 4