Permian Resources Director Sells $15.3M in Shares

William Quinn, a director at the oil and gas company, sold 800,000 shares, reducing his stake by 9.72%.

Mar. 13, 2026 at 4:04pm

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Permian Resources Corporation (NYSE:PR) Director William Quinn sold 800,000 shares of the company's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $19.15, for a total value of $15,320,000. Following the sale, Quinn still owns 7,426,839 shares of Permian Resources, valued at approximately $142,223,966.85.

Why it matters

Insider transactions, such as this large sale by a director, can provide insights into a company's performance and the perspectives of its leadership. Significant insider sales may signal concerns about the company's outlook or a desire to diversify personal holdings.

The details

The sale represented a 9.72% decrease in Quinn's position in Permian Resources. The company is an independent exploration and production firm focused on the Permian Basin in West Texas and southeastern New Mexico. Permian Resources has seen its stock price rise from around $10 per share a year ago to over $19 per share currently.

  • The transaction occurred on Wednesday, March 11th, 2026.

The players

William Quinn

A director at Permian Resources Corporation, an independent oil and gas exploration and production company.

Permian Resources Corporation

An independent exploration and production company focused on the Permian Basin in West Texas and southeastern New Mexico.

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What’s next

The company has not announced any plans related to the director's stock sale.

The takeaway

This large insider sale by a Permian Resources director may raise questions about the company's outlook, though the director still maintains a sizable stake. Investors will likely monitor the company's performance and any further insider transactions for clues about the firm's future prospects.