4//SEC Filing
Hickey William M III 4
Accession 0001658566-26-000017
CIK 0001658566other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 9:47 PM ET
Size
17.5 KB
Accession
0001658566-26-000017
Insider Transaction Report
Form 4
Hickey William M III
DirectorCo-Chief Executive Officer
Transactions
- Sale
Class A Common Stock
2026-01-05$13.74/sh−309,980$4,259,125→ 1,477,861 total - Sale
Class A Common Stock
2026-01-06$13.63/sh−467,725$6,375,092→ 1,010,136 total - Award
Class A Common Stock
2026-01-07+9,277,692→ 10,287,828 total - Award
Class A Common Stock
2026-01-07+2,989,989→ 2,989,989 total(indirect: By Partnership) - Disposition to Issuer
Common Units
2026-01-07−9,277,692→ 0 total→ Class A Common Stock (9,277,692 underlying) - Disposition to Issuer
Common Units
2026-01-07−2,989,989→ 0 total(indirect: By Partnership)→ Class A Common Stock (2,989,989 underlying)
Footnotes (7)
- [F1]Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of performance stock units. The sales were effected through a mandatory "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.49 to $14.39, inclusive. The reporting person undertakes to provide to the Registrant (as defined below), any security holder of the Registrant, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares [purchased] at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.48 to $13.89, inclusive. The reporting person undertakes to provide to the Registrant (as defined below), any security holder of the Registrant, or staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]On January 7, 2026, pursuant to a corporate reorganization, Permian Resources Corporation (formerly known as PRC NewCo Inc) (the Registrant) became the successor of Permian Resources Holdings Inc. (formerly known as Permian Resources Corporation) (the Predecessor Registrant) following the merger of a subsidiary of the Registrant with and into the Predecessor Registrant (the Merger). The Merger resulted in (i) the Registrant becoming the parent of the Predecessor Registrant and (ii) the former security holders of the Predecessor Registrant owning, as of the effective time of the Merger (the Merger Effective Time), economic interests in the Registrant identical to and in the same proportions as the economic interests they held in the Predecessor Registrant immediately prior to the Merger Effective Time.
- [F5]Immediately following the Merger Effective Time, the reporting person contributed all of such reporting person's common units representing limited liability company interests (OpCo Units) in Permian Resources Operating, LLC (OpCo) to the Registrant in exchange for newly issued shares of Class A Common Stock, par value $0.0001 per share, of the Registrant, on a one for one basis (the OpCo Unit Exchange). Immediately prior to the Merger Effective Time, all of the shares of Class C Common Stock, par value $0.0001 per share, of the Predecessor Registrant held by the reporting person were surrendered and cancelled for no consideration.
- [F6]Held directly by Hickey Family Investments, L.P., an investment partnership controlled by the reporting person.
- [F7]Prior to the OpCo Unit Exchange, the reporting person had a redemption right pursuant to the Seventh Amended and Restated Limited Liability Company Agreement of OpCo, pursuant to which each OpCo Unit held by the reporting person could be exchanged at such reporting person's election for a newly issued share of Class A Common Stock, par value $0.0001 per share, of the Predecessor Registrant (along with the cancellation of the corresponding share of Class C Common Stock, par value $0.0001 per share, of the Predecessor Registrant). The OpCo Units did not have an expiration date.
Documents
Issuer
Permian Resources Corp
CIK 0001658566
Entity typeother
Related Parties
1- filerCIK 0001943748
Filing Metadata
- Form type
- 4
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 9:47 PM ET
- Size
- 17.5 KB