Form 4: Permian Resources Director William Quinn Buys Additional Shares

Director William Quinn of Permian Resources Corp reports purchasing Class A Common Stock in multiple transactions on September 10th and 11th, 2024.

Summary

• William J. Quinn, a director of Permian Resources Corp, filed a Form 4 detailing changes in beneficial ownership.
• On September 10, 2024, Quinn purchased 250,000 shares of Class A Common Stock at a weighted average price of $12.7995.
• The purchases occurred in multiple transactions with prices ranging from $12.785 to $12.80.
• On September 11, 2024, Quinn purchased an additional 62,429 shares of Class A Common Stock at a weighted average price of $12.7336.
• These shares were purchased in multiple transactions with prices ranging from $12.69 to $12.75.
• Following these transactions, Quinn beneficially owns 312,429 shares of Class A Common Stock through Mail Holdings, L.P., which he controls.
• Quinn disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• A previous sale of 22,500,000 shares reported on May 16, 2024, was for the account of specified limited partners, and Quinn had no pecuniary interest in those shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Insider buying is generally viewed favorably, but the filing itself is a routine regulatory disclosure.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Directors' purchases are often seen as a positive sign, indicating confidence in the company's performance and future prospects within the oil and gas industry.

Stakeholder Impact

• Shareholders may view the director's purchase as a positive signal.

Key Dates