Simon Karen Jo 4
Research Summary
AI-generated summary
Crescent Energy (CRGY) Director Simon Karen Jo Receives RSU Award
What Happened
- Director Simon Karen Jo received a grant of 17,411 restricted stock units (RSUs) on April 1, 2026. The reported acquisition price is $0.00 (grant), so the filing shows $0 total cash exchanged. These RSUs represent a contingent right to receive one share of Crescent Energy Class A common stock per RSU upon vesting.
Key Details
- Transaction date: 2026-04-01 (reported on Form 4 filed 2026-04-02)
- Transaction type/code: Award/Grant (A)
- Shares/RSUs granted: 17,411; reported price: $0.00; reported value: $0
- Vesting: RSUs will vest on April 1, 2027, subject to the reporting person’s continuous service (per footnote F1)
- Shares owned after transaction: not specified in the provided filing excerpt
- Filing timeliness: Form 4 was filed the next day (appears timely)
Context
- RSU grants are compensation awards that convert into actual shares only upon vesting and do not indicate an immediate purchase or sale of stock. This is typically a retention/incentive award rather than an active market vote; no immediate proceeds or sales occurred.