Form 4: Permian Resources Co-CEO Sells $16.5M in Shares

Permian Resources Co-Chief Executive Officer William M. Hickey III sold 898,423 shares of Class A Common Stock for approximately $16.5 million.

Summary

• William M. Hickey III, Co-Chief Executive Officer and Director of Permian Resources Corp, sold 898,423 shares of Class A Common Stock.
• The sale occurred on March 4, 2026, at a weighted average price of $18.3798 per share, with individual transactions ranging from $18.2350 to $18.5250.
• The total value of the shares sold is approximately $16,511,000.
• The transaction was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled sale.
• Following the transaction, Mr. Hickey directly owns 9,389,405 shares and indirectly owns 2,989,989 shares through Hickey Family Investments L.P., an investment partnership he controls.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal due to the significant volume of shares sold by a key executive, despite the presence of a 10b5-1 plan which mitigates some of the immediate negative implications.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than an immediate reaction to new information, which can mitigate some negative perceptions of insider selling.

Negatives

• Significant insider selling by a Co-CEO and Director could be perceived negatively by investors, potentially signaling a desire to diversify holdings or a lack of confidence, despite the 10b5-1 plan.

Risks

• NA

Future Outlook

NA

Management Comments

• NA

Industry Context

StockSavvy.ai notes that insider selling, even under a 10b5-1 plan, is often scrutinized by the market, especially for energy companies like Permian Resources, where executive confidence can influence investor sentiment regarding future commodity prices and operational performance. While a 10b5-1 plan suggests a pre-determined sale, the sheer volume of shares sold by a Co-CEO could still raise questions about personal financial planning versus a view on the company's intrinsic value.

Comparison to Industry Standards

• NA

Legal Proceedings

• NA

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders: May interpret the insider sale as a negative signal, potentially leading to downward pressure on the stock price.

Next Steps

• NA

Key Dates

Recommendation

The significant insider sale by a Co-CEO is a notable event. However, the transaction was executed under a Rule 10b5-1 plan, indicating it was pre-scheduled and not necessarily a reaction to new, undisclosed negative information. Given the executive's continued substantial direct and indirect holdings, a 'hold' recommendation is appropriate, advising investors to monitor future developments rather than making an immediate buy or sell decision based solely on this filing.

Keywords

Permian Resources, PR, Insider Sale, Form 4, William M. Hickey III, Co-CEO, Stock Sale, 10b5-1 Plan, Equity Transaction