Permian Resources Announces Corporate Reorganization to Further Strengthen Its Best-In-Class Shareholder Alignment and Advance Towards Up-C Simplification

Core Viewpoint - Permian Resources Corporation is undergoing a corporate reorganization where management and long-term holders are exchanging Class C shares for Class A shares to better align management ownership with public investors and enhance management's ownership stake [1] Group 1 - The reorganization aims to advance the company's strategic goals and improve management's alignment with shareholder interests [1] - This transaction is expected to enhance the ability of management team members to maintain peer-leading ownership levels [1]