Form 4: Crescent Energy Director Bevin Brown Reports Stock Unit Grant

Bevin Brown, a Director at Crescent Energy Co., reported the acquisition of 17,411 restricted stock units (RSUs) on April 1, 2026, with vesting scheduled for April 1, 2027.

Summary

• Bevin Brown, a Director at Crescent Energy Co. (CRGY), was granted 17,411 restricted stock units (RSUs) on April 1, 2026.
• These RSUs represent a contingent right to receive one share of Class A Common Stock each.
• The RSUs are scheduled to vest on April 1, 2027, contingent upon Mr. Brown's continuous service.
• Mr. Brown has disclaimed beneficial ownership of these RSUs, except for his pecuniary interest, as he will transfer any director compensation received to Liberty Energy Holdings, LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details a standard equity grant to a director with a disclaimer of beneficial ownership, rather than significant financial performance or strategic shifts.

Positives

• Director Bevin Brown received a grant of 17,411 restricted stock units, indicating a form of equity-based compensation tied to continued service.
• The grant vests on a specific future date (April 1, 2027), aligning with long-term performance and retention incentives.

Negatives

• Bevin Brown has disclaimed beneficial ownership of the RSUs, indicating that the economic benefit will not accrue directly to him but will be transferred to Liberty Energy Holdings, LLC.
• The reporting person will not receive separate compensation for serving as a director, with all director compensation being transferred to Liberty Energy Holdings, LLC.

Risks

• The vesting of RSUs is contingent upon the reporting person's continuous service through April 1, 2027, meaning forfeiture is possible if service is terminated before this date.
• The reporting person's indirect beneficial ownership structure, tied to PT Independence Energy Holdings LLC and Liberty Energy Holdings, LLC, introduces complexity in understanding ultimate control and economic interest.

Future Outlook

The RSUs granted to Bevin Brown are set to vest on April 1, 2027, contingent on his continued service with the company.

Management Comments

• The reporting person has agreed that he will not receive any separate compensation for serving as a director of the Issuer and will transfer to Liberty any director compensation he receives 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 his pecuniary interests therein.

Industry Context

StockSavvy.ai notes that the issuance of restricted stock units (RSUs) to directors is a common practice in the energy sector to align executive interests with long-term shareholder value and to aid in talent retention.

Corporate Governance

Related Party Transactions

• Bevin Brown, as an officer of an affiliate of Liberty Energy Holdings, LLC, will transfer any director compensation received from Crescent Energy Co. to Liberty Energy Holdings, LLC.

Stakeholder Impact

• Shareholders: The grant of RSUs is a standard compensation practice, but the disclaimer of beneficial ownership by Mr. Brown means the direct economic benefit is not retained by him personally, but rather by an affiliated entity.
• Employees: The equity incentive plan under which the RSUs were granted may also apply to other employees, reflecting a broader compensation strategy.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Bevin Brown must maintain continuous service through April 1, 2027, for the RSUs to vest.
• Upon vesting, the Common Stock received from the RSUs will be transferred to Liberty Energy Holdings, LLC.

Key Dates

Keywords

Crescent Energy, CRGY, Form 4, Insider Trading, Stock Options, Restricted Stock Units, Equity Incentive Plan, Director Compensation, Beneficial Ownership, SEC Filing