Permian Resources announces holding-company reorganization; management converts Class C to Class A shares

Permian Resources Corp

Management converting ~48.9M Class C shares to Class A shares; Class C shares fall to ~35.5M from ~84.4M.
Total shares unchanged at ~829.3M; no change to ticker, trading, or economic ownership for public holders.
Credit agreement amended to permit reorganization; expected closing in Q1 2026.
Up-C structure simplification targeted by year-end 2027, reducing administrative burden and enhancing alignment.
Management team maintains >6% ownership; Co-CEOs receive 100% compensation in PSUs with 3-5 year vesting.

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