Midland, Texas‑based Permian Resources Corp (NYSE: PR) disclosed that Executive Vice President and General Counsel John Charles Bell disposed of 5,492 Class A common shares on Sept. 3, 2026. The sell‑to‑cover transaction, required to meet tax withholding on a newly vested restricted‑stock award, was executed at a weighted‑average price of $23.7538 per share, ranging between $23.68 and $23.82, for a total proceeds of $130,455. After the sale, Bell retained beneficial ownership of 1,561,680 Class A shares.
On Sept. 1, 2026, Bell was granted 24,306 restricted stock units (RSUs), each convertible into one share of Class A stock. The RSUs vest in three roughly equal annual installments on Sept. 2, 2027; Sept. 5, 2028; and Sept. 4, 2029, subject to continued employment. Settlement may be in cash, shares, or a mix, at the company's discretion.
Permian Resources' shares have a 52‑week high of $24.09 and have risen 72% over the past year, with InvestingPro noting the stock remains undervalued relative to its fair‑value estimate.
In its second‑quarter report, the oil producer posted adjusted earnings of $0.69 per share, beating Wall Street forecasts of $0.57. Revenue reached $1.86 billion versus the $1.66 billion expected. Free cash flow hit a record $751 million. Oil output increased to about 198,000 barrels per day, a 3% sequential rise, and full‑year 2026 production guidance was lifted to 199,000 barrels per day. Net debt to EBITDA stands at roughly 0.5 times, and work‑over‑rig activity rose 50% as oil prices improved.
