Form 4: Permian Resources Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert Regan Shannon, EVP and Chief Accounting Officer of Permian Resources Corp, sold 2,731 shares of Class A Common Stock on March 3, 2025, to cover tax withholding obligations.
Summary
- Robert Regan Shannon, an executive at Permian Resources Corp, sold 2,731 shares of Class A Common Stock on March 3, 2025.
- The sale was executed to cover tax withholding obligations related to the vesting of a restricted stock award.
- The shares were sold at a weighted average price of $14.0213, with individual transactions ranging from $13.93 to $14.18.
- Following the transaction, Shannon directly owns 58,668 shares of Permian Resources Corp.
- The sale was not a discretionary trade but a mandatory 'sell to cover' transaction.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (sell to cover taxes) and doesn't suggest any underlying issues with the company. It's a neutral event.
Industry Context
Executive stock sales to cover tax obligations are a common practice and generally don't indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of the stock sale transaction. |
| 03/05/2025 | Date of signature for the SEC filing. |
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