Tepper Jeffrey 4
Research Summary
AI-generated summary
Permian Resources (PR) Director Jeffrey Tepper Sells 50,000 Shares
What Happened
Jeffrey Tepper, a director of Permian Resources Corp (PR), disposed of 50,000 shares on March 12, 2026 in an open-market sale. The weighted-average price reported was $19.38 per share, for aggregate proceeds of approximately $968,750. The filing indicates the shares were sold in multiple transactions.
Key Details
- Transaction date: 2026-03-12 (reported on Form 4 filed 2026-03-16). The filing appears timely (within the required two business days).
- Price(s): weighted average $19.38; per footnote, individual trade prices ranged from $19.360 to $19.405.
- Shares sold: 50,000; approximate proceeds: $968,750.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: reporting person says the price is a weighted average and will provide a breakdown of shares sold at each price upon request to the company, shareholders, or SEC staff.
- Transaction code: S = Sale.
Context
A director sale is typically a disposition (not necessarily a signal about company fundamentals). Sales can be routine (for diversification, tax, or liquidity reasons); this summary is factual and does not infer motive. If you track insider activity, note the size and timing; purchases generally attract more attention as potential bullish signals.