Form 4: John C. Goff Reports Acquisition and Disposition of Crescent Energy Co Stock

John C. Goff, a director and 10% owner of Crescent Energy Co, reports the acquisition of restricted stock units and disposition of shares held in an IRA.

Summary

• On April 1, 2025, John C. Goff acquired 19,669 shares of Crescent Energy Co Class A Common Stock as restricted stock units (RSUs) granted under the company's 2021 Equity Incentive Plan.
• These RSUs will vest on April 1, 2026, contingent upon continuous service.
• Goff also disposed of 714,357 shares of Class A Common Stock held in an IRA account.
• The filing details beneficial ownership of shares held directly and indirectly through various entities, including Goff MCF Partners, LP, JCG 2016 Holdings, LP, The Goff Family Foundation, and others.
• Goff disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of RSUs is mildly positive, while the disposition of shares is mildly negative, balancing each other out.

Positives

• The acquisition of RSUs indicates continued alignment of the director's interests with the company's long-term performance.

Negatives

• The disposition of 714,357 shares from an IRA account could be perceived negatively, although the reason for the sale is not disclosed.

Risks

• The complex structure of indirect ownership through multiple entities could create opacity and potential conflicts of interest.
• The disclaimer of beneficial ownership, except for pecuniary interest, may raise questions about the extent of Goff's control and influence.

Future Outlook

The vesting of the RSUs on April 1, 2026, is contingent upon the reporting person's continuous service.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions reported may influence investor sentiment regarding Crescent Energy Co.

Key Dates

Keywords

Crescent Energy Co, John C. Goff, beneficial ownership, Form 4, restricted stock units, Class A Common Stock, insider trading, equity incentive plan