secwatch.observer — SEC 8-K summary
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Issuer:     Crescent Energy Co (CRGY)
CIK:        0001866175
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001866175-25-000085
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Crescent Energy appoints Joey Hall as COO, effective June 2, 2025
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- Jerome D. "Joey" Hall, age 59, previously EVP Operations at Pioneer Natural Resources, appointed COO.
- Compensation includes $625,000 base salary, target annual incentive of 100% of base, and $3M in RSUs plus 138,027 PSUs.
- Change in Control Agreements approved for Hall and General Counsel Bo Shi providing 2.5x salary/bonus severance and equity acceleration.
- Hall's RSUs vest over 1-3 years; PSUs vest based on TSR performance through Dec 2027 with 0-240% payout range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000085/0001866175-25-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866175/000186617525000085/crgy-20250519.htm
  HTML page:      https://secwatch.observer/filing/0001866175-25-000085

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