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

John Charles Bell, EVP and General Counsel of Permian Resources Corp, sold 4,821 shares of Class A Common Stock to cover tax withholding obligations related to a restricted stock award.

Summary

• On September 3, 2024, John Charles Bell, EVP and General Counsel of Permian Resources Corp, sold 4,821 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 $13.9335, with individual transactions ranging from $13.83 to $14.00.
• Following the transaction, Bell directly owns 77,237 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: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Executive stock sales are a common occurrence and are often related to compensation and tax obligations. This transaction appears to be routine and related to tax obligations rather than a change in sentiment regarding the company's prospects.

Key Dates