Sec Form 3 Filing - Shannon Robert Regan @ Permian Resources Corp - 2024-05-31

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Shannon Robert Regan
2. Issuer Name and Ticker or Trading Symbol
Permian Resources Corp [ PR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, Chief Accounting Officer
(Last) (First) (Middle)
C/O PERMIAN RESOURCES CORPORATION, 300 N. MARIENFELD ST., SUITE 1000
3. Date of Earliest Transaction (MM/DD/YY)
05/31/2024
(Street)
MIDLAND, TX79701
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 66,221 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Units ( 2 ) ( 2 ) ( 2 ) Class A Common Stock 1,500,000 ( 3 ) D
Common Units ( 2 ) ( 2 ) ( 2 ) Class A Common Stock 500,000 ( 3 ) I By Investment Partnership ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shannon Robert Regan
C/O PERMIAN RESOURCES CORPORATION
300 N. MARIENFELD ST., SUITE 1000
MIDLAND, TX79701
EVP, Chief Accounting Officer
Signatures
/s/ John Bell, Attorney-in-Fact 06/06/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )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

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