Matthew R. Garrison - Jul 25, 2023 Form 4 Insider Report for Permian Resources Corp (PR)

Signature
/s/ Chad W. MacDonald, Attorney-in-fact
Stock symbol
PR
Transactions as of
Jul 25, 2023
Transactions value $
$5,044,450
Form type
4
Date filed
7/27/2023, 06:45 PM
Previous filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PR Class A Common Stock Award $8.75M +770K +73.37% $11.37 1.82M Jul 25, 2023 Direct F1
transaction PR Class A Common Stock Sale -$3.71M -330K -18.15% $11.23 1.49M Jul 26, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 28, 2020, the reporting person was granted an award of performance restricted stock units ("PSUs"), which vest in the form of common stock if certain pre-established performance goals underlying the award are met over the course of a three-year period. On July 25, 2023, the Compensation Committee of the Issuer's Board of Directors certified the level at which the performance goals had been met, resulting in the vesting of these shares.
F2 Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the PSUs. The sales were effected through a mandatory "sell to cover" transaction that did not represent a discretionary trade by the reporting person.
F3 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.115 to $11.385. The reporting person undertakes to provide Permian Resources Corporation (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.