Robert Regan Shannon - May 31, 2024 Form 3 Insider Report for Permian Resources Corp (PR)

Role
EVP, Chief Accounting Officer
Signature
/s/ John Bell, Attorney-in-Fact
Stock symbol
PR
Transactions as of
May 31, 2024
Transactions value $
$0
Form type
3
Date filed
6/6/2024, 06:32 PM
Next filing
Sep 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PR Class A Common Stock 66.2K May 31, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding PR Common Units May 31, 2024 Class A Common Stock 1.5M Direct F2, F3
holding PR Common Units May 31, 2024 Class A Common Stock 500K By Investment Partnership F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of 38,737 restricted stock that vests in two equal annual installments beginning on September 1, 2024, and 27,484 shares of restricted stock that vests in three equal annual installments beginning March 1, 2025.
F2 At the request of the reporting person, each Common Unit of Permian Resources Operating, LLC, a Delaware limited liability company, (the "Common Units"), and a corresponding share of Class C common stock of Permian Resources Corporation, a Delaware corporation (the "Company"), may be redeemed for newly-issued shares of Class A common stock of the Company. The Common Units do not expire.
F3 The securities were acquired in connection with the business combination of Centennial Resource Development, Inc. a Delaware corporation ("Centennial"), and Colgate Energy Partners III, LLC, a Delaware limited liability company ("Colgate"), pursuant to that certain Business Combination Agreement, dated as of May 19, 2022 , by and among Centennial, Centennial Resource Production, LLC, a Delaware limited liability company ("CRP"), Colgate, and, solely for purposes of the specified provisions therein, Colgate Energy Partners III MidCo, LLC, a Delaware limited liability company, pursuant to which CRP merged with and into Colgate (the "Merger"), with CRP surviving the Merger and continuing as a subsidiary of Centennial. Upon consummation of the Merger, Centennial was renamed Permian Resources Corporation and CRP was renamed Permian Resources Operating, LLC.
F4 500,000 Common Units, along with an equal number of corresponding shares of Class C common stock of the Company, are held directly by Shannon Family Investment Partnership, L.P., an investment partnership controlled by the reporting person.

Remarks:

Exhibit 24 - Power of Attorney