Form 4: Director Bevin Brown Reports Acquisition of Crescent Energy Co. Shares Through RSU Settlement

Director Bevin Brown acquired 11,428 shares of Crescent Energy Co. Class A common stock through the settlement of restricted stock units (RSUs).

Summary

• On December 17, 2024, Bevin Brown, a director of Crescent Energy Co., acquired 11,428 shares of Class A common stock.
• The acquisition resulted from the settlement of restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
• The price per share was $0.
• Following the transaction, Brown directly owns 14,311 shares of Crescent Energy Co. Class A common stock.
• Brown has agreed to transfer any director compensation, including the Common Stock received in settlement of the RSUs, to Liberty Energy Holdings, LLC.
• Brown serves on the Board of Directors of the Issuer as a nominee of PT Independence Energy Holdings LLC and is an officer of, and an employee of an affiliate of, Liberty, a member of PT Independence.
• Brown disclaims beneficial ownership of such RSUs, except to the extent of her pecuniary interests therein.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard transaction related to director compensation. The director's agreement to transfer compensation to Liberty Energy Holdings adds a layer of complexity but doesn't necessarily indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Management Comments

• The reporting person has agreed that she will transfer to Liberty Energy Holdings, LLC ('Liberty') any director compensation she receives from the Issuer, including the Common Stock received in settlement of the RSUs.
• The reporting person disclaims beneficial ownership of such RSUs, except to the extent of her pecuniary interests therein.

Industry Context

This filing is a routine disclosure related to insider transactions and provides insight into the compensation structure for directors at Crescent Energy Co.

Related Party Transactions

• Bevin Brown's agreement to transfer director compensation, including shares, to Liberty Energy Holdings, LLC, constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns the director's compensation and internal agreements.

Key Dates