Form 4: Permian Resources Exec Reports Stock & Unit Changes

Permian Resources' EVP, Chief Accounting Officer, Robert Regan Shannon, reported sales of Class A Common Stock for tax obligations and acquisitions related to a corporate reorganization.

Summary

• Robert Regan Shannon, EVP, Chief Accounting Officer of Permian Resources Corp, reported transactions involving Class A Common Stock and Common Units.
• On January 5, 2026, 70,254 shares of Class A Common Stock were sold at a weighted average price of $13.76 per share to cover tax withholding obligations related to the vesting of performance restricted stock.
• On January 6, 2026, an additional 106,405 shares of Class A Common Stock were sold at a weighted average price of $13.63 per share for the same tax withholding purpose.
• On January 7, 2026, as part of a corporate reorganization (Merger), Permian Resources Corporation became the successor to Permian Resources Holdings Inc.
• Immediately following the Merger, Shannon contributed 1,000,000 direct Common Units in Permian Resources Operating, LLC (OpCo) to the Registrant in exchange for 1,000,000 newly issued shares of Class A Common Stock.
• Additionally, 500,000 indirect Common Units held by Shannon Family Investment Partnership, LP and 500,000 indirect Common Units held by SFIP 2024 LP (both controlled by Shannon) were exchanged for 500,000 and 500,000 shares of Class A Common Stock, respectively.
• Following these transactions, Shannon beneficially owns 1,360,667 shares of Class A Common Stock directly, 500,000 shares indirectly through Shannon Family Investment Partnership, LP, and 500,000 shares indirectly through SFIP 2024 LP.

Sentiment

Score: 5

Explanation: The transactions are primarily mandatory 'sell to cover' for tax obligations and a structural corporate reorganization that maintained economic interests, indicating a neutral sentiment rather than a discretionary buy or sell signal.

Positives

• The corporate reorganization (Merger) resulted in the reporting person maintaining identical economic interests in the successor entity, Permian Resources Corporation, as previously held in the predecessor entity.

Negatives

• A total of 176,659 shares of Class A Common Stock were sold to cover tax withholding obligations, reducing direct share ownership, though these were mandatory 'sell to cover' transactions and not discretionary trades.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of Class A Common Stock is held through Shannon Family Investment Partnership, LP and SFIP 2024 LP, both investment partnerships controlled by the reporting person.

Stakeholder Impact

• Shareholders: The corporate reorganization maintained the economic interests of former security holders, including the reporting person, in the new parent entity.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Permian Resources, PR, Form 4, Insider Transaction, Stock Sale, Corporate Reorganization, Class A Common Stock, OpCo Units, Executive Compensation, Tax Withholding