Crescent Energy (CRGY) director reports award shares and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crescent Energy Co director and officer Brandi Kendall reported two non-market transactions in Class A common stock. On earned shares from a performance-based Manager Award originally granted to KKR Energy Assets Manager LLC, 43,935 shares were delivered to Kendall and 11,259 shares were withheld to cover tax obligations. Following these restructuring transactions, Kendall directly holds 56,023 shares of Crescent Energy Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kendall Brandi
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A common stock, par value $0.0001 per share | 43,935 | $0.00 | -- |
| Other | Class A common stock, par value $0.0001 per share | 11,259 | $11.80 | $133K |
Holdings After Transaction:
Class A common stock, par value $0.0001 per share — 67,282 shares (Direct)
Footnotes (1)
- The shares of Crescent Energy Company Class A common stock ("Common Stock") reported were delivered to the reporting person at the direction of KKR Energy Assets Manager LLC (the "Manager") and represent a portion of the earned shares under the performance-based vesting award (the "Manager Award") originally granted to the Manager on December 6, 2021 under the Crescent Energy Company 2021 Manager Incentive Plan. Represents shares of Common Stock withheld by the Manager to satisfy tax withholding obligations with respect to the portion of the earned shares under the Manager Award delivered to the reporting person.
FAQ
What insider transactions did Crescent Energy (CRGY) report for Brandi Kendall?
Crescent Energy reported two non-market transactions for director and officer Brandi Kendall involving 55,194 shares of Class A common stock tied to a performance-based Manager Award and related tax withholding adjustments.
Were Brandi Kendall’s Crescent Energy (CRGY) transactions open-market buys or sells?
The transactions were coded as “J” for other acquisition or disposition, reflecting delivery of performance-based award shares and related tax withholding, not open-market purchases or sales of Crescent Energy stock.