Form 4: Permian Resources Co-CEO Walter James H. Walter Sells 4 Million Shares in Public Offering

Co-CEO Walter James H. Walter of Permian Resources Corp sold 4,000,000 shares of Class A Common Stock at $15.71 per share on March 6, 2024, as part of a larger public offering.

Summary

• On March 6, 2024, Walter James H. Walter, Co-Chief Executive Officer of Permian Resources Corp, sold 4,000,000 shares of Class A Common Stock.
• The sale was executed at a price of $15.71 per share.
• The transaction was part of a public offering underwritten by an agreement dated March 4, 2024.
• Walter also converted 4,000,000 Common Units into Class A Common Stock.
• Following the reported transactions, Walter directly owns 9,052,692 Common Units and indirectly owns 2,989,989 Common Units through Bedford Family Partners, L.P.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a company executive. It is neutral in sentiment as it simply reports a transaction.

Industry Context

Sales by company executives are a normal part of corporate governance, but the size and timing of the sale may be of interest to investors.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by shareholders, potentially leading to a decrease in stock price.

Key Dates