Form 4: Permian Resources Co-CEO Hickey Sells 4 Million Shares in Underwritten Offering

Co-Chief Executive Officer William M. Hickey III sold 4,000,000 shares of Permian Resources Corp Class A Common Stock at $15.71 per share on March 6, 2024.

Summary

• William M. Hickey III, Co-Chief Executive Officer of Permian Resources Corp, disposed of 4,000,000 shares of Class A Common Stock on March 6, 2024.
• The shares were sold at a price of $15.71 per share.
• The transaction was part of an underwritten offering, with a public offering price of $15.76 per share and an underwriting discount and commission of $0.05 per share.
• Prior to the sale, Hickey beneficially owned 4,000,000 shares of Class A Common Stock.
• Following the sale, Hickey directly owns 0 shares of Class A Common Stock.
• Hickey also indirectly owns 2,989,989 Common Units through Hickey Family Investments, L.P.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but the market may interpret the sale as a neutral to slightly negative signal.

Industry Context

Sales by company executives are a common occurrence, but the size and context (underwritten offering) can provide signals to the market.

Stakeholder Impact

• Shareholders may react to the sale of shares by a high-ranking executive, potentially influencing the stock price.

Key Dates