Rockecharlie David C. 4
4 · Crescent Energy Co · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Crescent Energy (CRGY) CEO David Rockecharlie Receives Award Shares
What Happened
David C. Rockecharlie, Chief Executive Officer of Crescent Energy Co. (CRGY), was delivered 140,700 shares of Class A common stock as a portion of earned, performance-based award shares. At the same time, 43,359 shares were disposed/withheld at $11.80 per share to satisfy tax withholding obligations, valued at $511,636. The award delivery is reported as an "other acquisition" (code J) and the withholding as an "other disposition" (code J).
Key Details
- Transaction dates: March 16, 2026; Form 4 filed March 18, 2026 (timely).
- Acquired: 140,700 shares at $0.00 (award delivery) — reported value $0.
- Disposed/Withheld: 43,359 shares at $11.80 each; total value $511,636 (tax withholding).
- Shares owned after transaction: Not specified in the provided Form 4 excerpt.
- Footnotes: F1 – shares were delivered to Rockecharlie at the direction of KKR Energy Assets Manager LLC as part of a Manager Award (granted Dec 6, 2021). F2 – the 43,359 shares were withheld by the Manager to satisfy tax withholding obligations.
- Transaction code: J = Other acquisition/disposition (often used for award delivery and tax withholding).
Context
This was not an open-market purchase or sale by the CEO. The reported acquisition reflects vested, performance-based award shares being delivered; the reported disposition reflects shares withheld to cover taxes, not a discretionary sale. Such withholding is routine and does not necessarily signal CEO market views.
Insider Transaction Report
- Other
Class A common stock, par value $0.0001 per share
[F1]2026-03-16+140,700→ 250,700 total - Other
Class A common stock, par value $0.0001 per share
[F2]2026-03-16$11.80/sh−43,359$511,636→ 207,341 total
Footnotes (2)
- [F1]The shares of Crescent Energy Company Class A common stock ("Common Stock") reported were delivered to the reporting person at the direction of KKR Energy Assets Manager LLC (the "Manager") and represent a portion of the earned shares under the performance-based vesting award (the "Manager Award") originally granted to the Manager on December 6, 2021 under the Crescent Energy Company 2021 Manager Incentive Plan.
- [F2]Represents shares of Common Stock withheld by the Manager to satisfy tax withholding obligations with respect to the portion of the earned shares under the Manager Award delivered to the reporting person.