Falk Todd 4

What Happened Falk Todd, Chief Accounting Officer of Crescent Energy Company (CRGY), received 11,725 shares of Class A common stock on March 16, 2026 as a portion of earned performance-based shares (the Manager Award). On the same date 3,400 shares were withheld/disposed to satisfy tax withholding obligations at $11.80 per share, generating $40,120 in proceeds. The awarded shares were delivered at the direction of KKR Energy Assets Manager LLC and reported as other acquisition/disposition.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (filed two days after the transaction).
• Acquired: 11,725 shares at $0.00 (earned performance-based award).
• Disposed/Withheld: 3,400 shares at $11.80 for $40,120 (tax withholding by the Manager).
• Net shares gained from the transaction: +8,325 shares (11,725 − 3,400).
• Reported under transaction code J (other acquisition/disposition). Footnotes: F1 explains shares were delivered from the Manager Award granted to the Manager (Dec 6, 2021); F2 explains shares were withheld to satisfy tax obligations.
• Shares owned after the transaction: not stated in the filing.

Context This was a compensation-related award delivery with routine tax-withholding rather than an open-market sale or purchase. Receiving vested performance shares is common executive compensation; the withholding of shares to cover taxes is a standard administrative step and not necessarily a market sentiment indicator.