Form 4: Permian Resources CFO Sells Shares to Cover Tax Obligations

Permian Resources' Chief Financial Officer, Guy M. Oliphint, sold 8,761 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock awards.

Summary

• Guy M. Oliphint, the EVP and Chief Financial Officer of Permian Resources Corp, sold 8,761 shares of Class A Common Stock on January 3, 2025.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock awards.
• The shares were sold at a weighted average price of $15.297, with individual transactions ranging from $15.21 to $15.35.
• Following the transaction, Mr. Oliphint beneficially owns 134,617 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across the industry.
• The sale is consistent with standard procedures for handling restricted stock unit vesting.
• The price range of $15.21 to $15.35 is within the expected trading range for the stock at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.

Key Dates

Keywords

Permian Resources, insider trading, Form 4, stock sale, tax obligations, restricted stock, Guy M. Oliphint, CFO