Form 4: Permian Resources Director Steven D. Gray Receives Significant Restricted Stock Award

Permian Resources Corporation's Director, Steven D. Gray, was granted 33,914 shares of Class A Common Stock as a restricted stock award, increasing his direct beneficial ownership to 230,530 shares.

Summary

• Steven D. Gray, a Director of Permian Resources Corp (PR), acquired 33,914 shares of Class A Common Stock.
• The transaction occurred on May 23, 2025, and represents an award of restricted stock.
• The restricted stock was acquired at a price of $0 per share, indicating it is part of a compensation plan.
• These shares are scheduled to vest on May 21, 2026.
• Following this transaction, Mr. Gray's direct beneficial ownership of Class A Common Stock increased to 230,530 shares.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the transaction represents a standard compensation award that aligns the director's interests with shareholders, indicating confidence and commitment from the insider.

Positives

• The award of restricted stock to a director aligns management's interests with those of shareholders, as the value of the award is tied to the company's stock performance.
• The transaction demonstrates continued compensation and retention of key personnel within the company.

Future Outlook

The restricted stock award is set to vest on May 21, 2026, indicating a future milestone for the compensation plan.

Industry Context

This Form 4 filing reports a routine insider transaction, specifically a restricted stock award, which is a common form of executive and director compensation across various industries, including the energy sector where Permian Resources operates. It reflects standard corporate governance practices for aligning insider interests with company performance.

Comparison to Industry Standards

• The granting of restricted stock to directors is a common practice in publicly traded companies, including those in the oil and gas industry, aligning director incentives with long-term shareholder value creation.
• The $0 acquisition price is typical for equity awards that are part of a compensation package, rather than a direct purchase on the open market.

Related Party Transactions

• The award of 33,914 shares of restricted stock to Steven D. Gray, a Director of Permian Resources Corp, constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The restricted stock award will vest on May 21, 2026, at which point the shares will become fully owned by Steven D. Gray.

Key Dates

Keywords

Permian Resources, PR, Steven D. Gray, Form 4, Insider Transaction, Restricted Stock Award, Director Compensation, Equity Grant