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

Guy M. Oliphint, EVP and CFO of Permian Resources Corp, sold 4,150 shares of Class A Common Stock on March 3, 2025, to cover tax withholding obligations related to vesting of a restricted stock award.

Summary

• On March 3, 2025, Guy M. Oliphint, the EVP and Chief Financial Officer of Permian Resources Corp, sold 4,150 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $13.9909 per share.
• The shares were sold to cover tax withholding obligations associated with the vesting of a restricted stock award.
• Following the transaction, Oliphint directly owns 130,467 shares of Permian Resources Corp.
• The sale was a mandatory 'sell to cover' transaction and did not represent a discretionary trade by the reporting person.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine 'sell to cover' for tax purposes and doesn't necessarily reflect the executive's view on the company's future prospects.

Industry Context

Executive stock sales are a common occurrence and are often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's value, although 'sell to cover' transactions are typically less indicative of sentiment.

Stakeholder Impact

• The sale of shares could have a minor, temporary impact on the stock price due to increased selling pressure, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates