Form 4: Permian Resources Director Boosts Stake Post-Merger

Permian Resources Director William J. Quinn increased his beneficial ownership of Class A Common Stock following a corporate reorganization and OpCo Unit exchange.

Summary

• William J. Quinn, a Director of Permian Resources Corp, reported changes in his beneficial ownership of the company's securities.
• The changes occurred on January 7, 2026, as a result of a corporate reorganization where Permian Resources Corporation (formerly PRC NewCo Inc) became the successor parent of Permian Resources Holdings Inc (formerly Permian Resources Corporation) following a merger.
• Immediately after the merger, Quinn contributed all of his common units representing limited liability company interests ("OpCo Units") in Permian Resources Operating, LLC ("OpCo") to Permian Resources Corporation.
• This contribution was in exchange for newly-issued shares of Class A Common Stock of Permian Resources Corporation, on a one-for-one basis (the "OpCo Unit Exchange").
• As a result of the OpCo Unit Exchange, Quinn directly acquired 1,018,745 shares of Class A Common Stock.
• Additionally, 6,914,410 OpCo Units held indirectly were exchanged, leading to an indirect beneficial ownership of 8,226,839 shares of Class A Common Stock.
• Prior to the merger, all shares of Class C Common Stock of the Predecessor Registrant held by Quinn were surrendered and cancelled for no consideration.
• The indirect holdings include 2,047,082 OpCo Units distributed by Pearl Energy Investments II GP, L.P. and securities held by Mail Holdings, L.P., which is controlled by Quinn.

Sentiment

Score: 7

Explanation: The transaction reflects a corporate reorganization and an exchange of existing interests, resulting in a significant increase in direct and indirect beneficial ownership of Class A Common Stock by a director. This is generally viewed positively as it aligns insider interests with shareholders, although it is a technical conversion rather than an open market purchase.

Positives

• Increased direct beneficial ownership of 1,018,745 shares of Class A Common Stock by a director.
• Increased indirect beneficial ownership of 8,226,839 shares of Class A Common Stock by a director, aligning management interests with shareholders.
• Successful completion of a corporate reorganization, which can streamline the corporate structure and operations.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future financial performance or operational outlook.

Industry Context

This announcement primarily details an internal corporate restructuring and subsequent insider ownership change, rather than broader industry trends or competitive positioning. The transaction reflects a technical conversion of equity interests following a corporate reorganization within the energy sector.

Corporate Governance

Related Party Transactions

• Securities are held indirectly by Mail Holdings, L.P., which is controlled by the reporting person, William J. Quinn.
• Indirect holdings include 2,047,082 OpCo Units distributed by Pearl Energy Investments II GP, L.P. in connection with a pro rata distribution to its limited partners.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership of Class A Common Stock generally aligns the interests of management with those of public shareholders, potentially signaling confidence in the company's future.
• Former security holders of Permian Resources Holdings Inc: Now own economic interests in Permian Resources Corporation as a result of the merger.

Key Dates

Keywords

Permian Resources, PR, William J. Quinn, Director, Insider Ownership, Form 4, Stock Acquisition, Corporate Reorganization, OpCo Unit Exchange, Beneficial Ownership