Director Sells Over $10 Million in Permian Resources Stock Near 52-Week Highs

summarizeSummary

Director William J. Quinn sold 512,429 shares of Permian Resources Corp. common stock for a total value of $10,038,484.11.

check_boxKey Events

• Director Sells Shares

  William J. Quinn, a Director of Permian Resources Corp., disposed of 512,429 shares of Class A Common Stock in an open market transaction.

• Significant Transaction Value

  The shares were sold for a total value of $10,038,484.11 at a weighted average price of $19.59 per share on March 18, 2026.

• Context of Sale

  This sale occurs while the company's stock is trading near its 52-week high and follows a trend of insider selling, including a $16.5 million sale by the Co-CEO earlier in March.

auto_awesomeAnalysis

Director William J. Quinn's sale of over $10 million in company stock is a significant transaction, especially as the stock trades near its 52-week high. This sale contributes to a broader pattern of insider distribution observed over the past 90 days, including a substantial sale by the Co-CEO earlier this month. While not from a top executive, a director selling such a large amount can signal a lack of conviction at current price levels or a desire to lock in gains, potentially adding to negative sentiment.