Form 4: Vital Energy Director Sells Shares Post-Merger
Director Stock Transaction Report (Merger Related)
Vital Energy Director Jarvis V. Hollingsworth reported the disposition of all his common stock and deferred stock units following the company's merger with Crescent Energy.
Summary
- Jarvis V. Hollingsworth, a Director of Vital Energy, Inc., reported changes in beneficial ownership.
- The transactions occurred on December 15, 2025, following the consummation of the merger between Vital Energy, Inc. and Crescent Energy Company.
- Merger Sub Inc., a wholly-owned subsidiary of Crescent, merged with Vital Energy, Inc., which then merged into Merger Sub LLC, another wholly-owned subsidiary of Crescent.
- Hollingsworth disposed of 20,064 shares of Vital Energy Common Stock.
- His 11,317 Deferred Stock Units (DSUs) were converted into a lump sum cash payment.
- The cash payment for DSUs was calculated based on the closing price of Vital Common Stock, which was $17.92 per share on December 12, 2025.
- Following these transactions, Hollingsworth beneficially owns 0 shares of Vital Energy, Inc.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual report of a completed transaction following a merger, without explicit positive or negative performance indicators for the company itself.
Positives
- Director's deferred stock units were converted to a cash payment at a specified price, providing liquidity.
- The merger transaction was successfully consummated.
Negatives
- The director no longer holds equity in Vital Energy, Inc. as it has been acquired.
Future Outlook
Not applicable as this filing reports a completed transaction and does not provide forward-looking statements or guidance.
Industry Context
This filing reflects the consummation of a merger in the energy sector, where Vital Energy, Inc. was acquired by Crescent Energy Company. Such consolidation events are common in mature industries seeking scale, operational efficiencies, or market share.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director of Vital Energy, Inc. | Jarvis V. Hollingsworth | N/A (Vital Energy acquired) | 2025-12-15 | Consummation of merger where Vital Energy, Inc. was acquired by Crescent Energy Company, resulting in the cessation of its independent public entity status and the director's role with the acquired entity. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Merger Agreement Consummation | The Agreement and Plan of Merger, dated August 24, 2025, between Crescent Energy Company and Vital Energy, Inc. was consummated, leading to Vital Energy becoming a wholly-owned subsidiary of Crescent. | 2025-12-15 | Significant change in corporate structure, with Vital Energy, Inc. ceasing to exist as an independent publicly traded entity. This impacts its board structure, governance policies, and reporting obligations. |
Related Party Transactions
- The conversion of the Director's Deferred Stock Units into a cash payment is a transaction related to his compensation plan as a director of the acquired entity, occurring as a direct result of the merger agreement.
Stakeholder Impact
- Shareholders of Vital Energy, Inc. received consideration as per the merger agreement.
- Director Jarvis V. Hollingsworth's equity and deferred compensation in Vital Energy were converted to cash.
Key Dates
| Date | Description |
|---|---|
| 2025-08-24 | Date of the Agreement and Plan of Merger between Crescent Energy Company and Vital Energy, Inc. |
| 2025-12-12 | Closing price of Vital Common Stock ($17.92) used for deferred stock unit cash payment. |
| 2025-12-15 | Consummation date of the merger and earliest transaction date for reported changes in beneficial ownership. |
Keywords
Vital Energy, VTLE, Crescent Energy, merger, acquisition, SEC Form 4, beneficial ownership, director, stock transaction, deferred stock units, corporate governance
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