Form 4: Permian Resources Director Jeffrey Tepper Sells 65,000 Shares

Director Jeffrey Tepper sold 65,000 shares of Permian Resources Corp at $16.42 per share on May 15, 2024, according to a Form 4 filing.

Summary

• Jeffrey Tepper, a director of Permian Resources Corp, sold 65,000 shares of Class A Common Stock on May 15, 2024.
• The shares were sold at a price of $16.42 per share.
• The sale was executed pursuant to an underwriting agreement dated May 13, 2024.
• Following the transaction, Tepper directly owns 158,665 shares of Permian Resources Corp.
• Tepper has granted a power of attorney to John Bell and Guy Oliphint to handle SEC filings related to his holdings in Permian Resources Corporation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Sales by insiders are a common occurrence and are closely watched by investors for signals about a company's prospects. It is important to consider the context of the sale, such as the overall market conditions and the company's performance.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the context of the underwriting agreement.

Key Dates