Form 4: Permian Resources Corp: Quinn William J. Reports Ownership Changes After Unit Exchange and Distribution

William J. Quinn, a director and 10% owner of Permian Resources Corp, reports changes in beneficial ownership due to the exchange of Common Units for Class A Common Stock and a pro rata distribution to limited partners.

Summary

• On June 19, 2024, William J. Quinn reported changes in his beneficial ownership of Permian Resources Corp shares.
• Pearl Energy Investments AIV, L.P. exchanged 15,898,286 Common Units, and Pearl CIII Holdings, L.P. exchanged 7,246,727 Common Units for Class A Common Stock.
• These exchanges were done together with the delivery for no consideration of an equal number of shares of Class C Common Stock.
• A pro rata distribution was made by Pearl AIV and Pearl CIII to certain of its limited partners.
• Quinn disclaims beneficial ownership of the shares distributed in this transaction.
• Following these transactions, Quinn's indirect ownership includes 25,411,607 shares of Class C Common Stock and 23,145,013 shares of Class A Common Stock.
• He also directly owns 0 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The pro rata distribution may impact the holdings of limited partners in Pearl AIV and Pearl CIII.

Key Dates