Crescent Energy (CRGY) exec logs performance award shares and tax withholding
Rhea-AI Filing Summary
Crescent Energy Co director and officer David C. Rockecharlie reported compensation-related stock movements rather than open-market trades. On 2026-03-16, 140,700 shares of Class A common stock were delivered to him at the direction of KKR Energy Assets Manager LLC as part of earned shares under a performance-based Manager Award granted in December 2021. A separate entry shows 43,359 shares withheld by the Manager to cover tax obligations on these earned shares. Following these entries, he directly owns 207,341 Class A shares, reflecting a restructuring of award shares rather than a traditional buy or sell.
Positive
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Negative
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Insights
Form 4 reflects vesting and tax withholding, not market trades.
The transactions for Crescent Energy Co involve Class A common stock tied to a performance-based Manager Award originally granted on December 6, 2021. Shares were delivered to David C. Rockecharlie at the direction of KKR Energy Assets Manager LLC, indicating incentive compensation vesting.
A portion of the earned shares was withheld by the Manager to satisfy tax obligations, a common non-market mechanism. No open-market buys or sells were reported, and the filing shows a post-transaction direct holding of 207,341 shares. These are routine equity-compensation adjustments rather than thesis-changing insider trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A common stock, par value $0.0001 per share | 140,700 | $0.00 | -- |
| Other | Class A common stock, par value $0.0001 per share | 43,359 | $11.80 | $512K |
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.