secwatch.observer — SEC 8-K summary
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Issuer:     PIONEER NATURAL RESOURCES CO (—)
CIK:        0001038357
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001193125-24-130052
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Natural Resources completes merger with ExxonMobil, stock delisted
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- Merger closed May 3, 2024; each Pioneer share converted into 2.3234 ExxonMobil shares.
- Pioneer common stock delisted from NYSE (ticker PXD) as of market open May 3, 2024.
- Pioneer board and officers resigned; replaced by ExxonMobil designees.
- $450M aggregate principal of 0.250% Convertible Senior Notes due 2025 adjusted to convert into ExxonMobil shares.
- Blackout period for Pioneer 401(k) plan began May 1, 2024, expected to end week of May 12, 2024; Pioneer Stock Fund converted to ExxonMobil Stock Fund.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038357/000119312524130052/0001193125-24-130052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038357/000119312524130052/d803313d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-130052

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