Permian Resources Shareholders Approve 30M Share Increase for Incentive Plan
Permian Resources shareholders approved the First Amendment to the 2023 Long Term Incentive Plan, increasing the maximum number of Class A shares issuable by 30,000,000 to a total of 101,718,560 shares. This approval occurred at the Annual Meeting held on May 19, 2026. Additionally, shareholders elected ten directors, approved named executive officer compensation in a non-binding advisory vote, ratified KPMG LLP as the independent auditor, and approved an amendment to remove a "pass-through voting" provision.
Key Highlights
- Shareholders approved increasing shares for the 2023 Long Term Incentive Plan by 30,000,000 Class A shares.
- The total maximum shares issuable under the plan increased from 71,718,560 to 101,718,560.
- Ten directors were elected to the Board for terms expiring at the 2027 Annual Meeting.
- Named executive officer compensation was approved with 671,484,023 votes for.
- KPMG LLP was ratified as the independent auditor for fiscal year 2026 with 724,751,914 votes for.
- An amendment to remove the "pass-through voting" provision was approved with 675,699,906 votes for.
Price Impact
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