Form 4: Permian Resources Corp Executive Sells Shares to Cover Tax Obligations

John Charles Bell, EVP and General Counsel of Permian Resources Corp, sold 2,804 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock award vesting.

Summary

• On March 3, 2025, John Charles Bell, EVP and General Counsel of Permian Resources Corp, sold 2,804 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations associated with the vesting of a restricted stock award.
• The shares were sold at a weighted average price of $14.0276, with individual transactions ranging from $13.93 to $14.21.
• Following the transaction, Bell directly owns 74,433 shares of Permian Resources Corp.
• The sale was a mandatory 'sell to cover' transaction and did not represent a discretionary trade by Bell.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction. It is common for executives to sell shares to cover tax obligations related to vesting equity awards. The sale itself is unlikely to have a significant impact on the company's overall performance or stock price.

Key Dates