Permian Resources Says Some Investors to Receive Class A Shares for Class C Securities

Dow Jones12-23 05:49

By Stephen Nakrosis

Permian Resources said members of management and other long-term holders will receive Class A shares in exchange for their Class C securities as the company moves to simplify its current Up-C structure.

The reorganization won't result in any changes for the company's public shareholders, as the ticker, trading and total share count will remain the same, the oil and natural gas company said Monday.

The exchange will see certain shareholders turn in their Class C shares, as well as contribute units representing limited liability company interests in Permian Resources Operating, LLC, to a new public holding company, Permian Resources Corp., which will become the parent of Permian Resources.

Permian said its management team owns more than 6% of total shares outstanding, and that following the exchange, Co-Chief Executive Officers James Walter and Will Hickey ill continue to receive 100% of their compensation in the form of performance stock units. The company added that board members receive all their compensation in equity, and that its management team receives a majority of their compensation in equity.

The company said it may be in a position to eliminate the Up-C structure by the end of 2027.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 22, 2025 16:49 ET (21:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company added that board members receive","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","PR":"Permian Resources Corp","ISBC":"投资者银行","BK4211":"区域性银行"},"translate_title":"Permian Resources表示，一些投资者将获得C类证券的A类股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ISBC":1.5,"PR":0.9},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Permian Resources said members of management and other long-term holders will receive Class A shares in exchange for their Class C securities as the company moves to simplify its current Up-C structure. \n\n\n  The reorganization won't result in any changes for the company's public shareholders, as the ticker, trading and total share count will remain the same, the oil and natural gas company said Monday. \n\n\n  The exchange will see certain shareholders turn in their Class C shares, as well as contribute units representing limited liability company interests in Permian Resources Operating, LLC, to a new public holding company, Permian Resources Corp., which will become the parent of Permian Resources. \n\n\n  Permian said its management team owns more than 6% of total shares outstanding, and that following the exchange, Co-Chief Executive Officers James Walter and Will Hickey  ill continue to receive 100% of their compensation in the form of performance stock units. 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