Form 4: Vital Energy Director Cashes Out Equity Post-Merger

Vital Energy Director Edmund P. Segner III cashed out his deferred stock units and common stock holdings following the merger with Crescent Energy Company.

Summary

• Edmund P. Segner III, a Director of Vital Energy, Inc. (VTLE), reported changes in beneficial ownership.
• The transactions occurred on December 15, 2025, following the consummation of the merger between Vital Energy, Inc. and subsidiaries of Crescent Energy Company.
• Mr. Segner disposed of 33,142 shares of Vital Energy Common Stock, resulting in 0 shares beneficially owned directly.
• His 18,814 Deferred Stock Units (DSUs) were converted into a lump sum cash payment.
• The cash payment for the DSUs was based on the closing price of Vital Common Stock on December 12, 2025, which was $17.92 per share.
• Following these transactions, Mr. Segner beneficially owns 0 Deferred Stock Units.
• The filing indicates Mr. Segner is no longer subject to Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The successful closing of a merger is generally a positive event, resolving uncertainty and providing liquidity to the acquired company's shareholders and equity holders. The director's equity was cashed out as expected.

Positives

• The merger between Vital Energy, Inc. and Crescent Energy Company subsidiaries has successfully closed, resolving prior uncertainty.
• Director Edmund P. Segner III received a cash payout for his equity holdings, including 18,814 Deferred Stock Units and 33,142 shares of Common Stock.

Negatives

• Director Edmund P. Segner III no longer holds direct beneficial ownership in Vital Energy, Inc. common stock or deferred stock units following the merger.

Future Outlook

The filing primarily reports a completed transaction. The future outlook for Vital Energy, Inc. is as a wholly-owned subsidiary of Crescent Energy Company.

Industry Context

This transaction reflects ongoing consolidation within the energy sector, where companies like Crescent Energy Company are acquiring assets and entities to expand their operations and market presence.

Management Changes

Related Party Transactions

• The disposition of the director's equity holdings (Deferred Stock Units and Common Stock) is a transaction related to his role as an insider, executed as part of the merger agreement.

Stakeholder Impact

• Shareholders of Vital Energy, Inc.: Received consideration (implied cash or Crescent shares) for their holdings as part of the merger.
• Director Edmund P. Segner III: Received a cash payout for his equity compensation and common stock holdings.
• Vital Energy, Inc. (as an entity): Now operates as a wholly-owned subsidiary of Crescent Energy Company.

Key Dates

Keywords

Vital Energy, VTLE, Crescent Energy, Merger, Acquisition, Insider Transaction, Form 4, Deferred Stock Units, Common Stock, Director Compensation, Equity Payout, SEC Filing