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.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Permian Resources Corp issued 48,916,754 New PR Class A Shares of common stock to Contributing Members.

Security: common stock
Shares: 48,916,754 New PR Class A Shares
Purchaser: Contributing Members

Exact text from the filing

In connection with the Reorganization, pursuant to the Share Surrender and Unit Exchange Agreement, New PR is expected to issue 48,916,754 New PR Class A Shares to the Contributing Members immediately following the Effective Time.

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Permian Resources Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-328893

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