Permian Resources shareholders approve higher share reserve for 2023 incentive plan
At its May 19, 2026 annual meeting, shareholders approved an amendment raising the maximum Class A shares issuable under the 2023 Long Term Incentive Plan from 71,718,560 to 101,718,560. They also elected ten directors, approved a non-binding advisory vote on executive pay, and ratified KPMG LLP as auditor for 2026. A larger share reserve allows more equity awards, which can dilute existing shareholders, and the plan amendment drew 190,600,884 against votes.
Key points
- Plan amendment: 101,718,560 maximum Class A shares, up from 71,718,560; 486,136,079 votes for, 190,600,884 against, 1,279,492 abstain
- Ten directors elected, with terms expiring at the 2027 Annual Meeting
- Non-binding say-on-pay approved with 671,484,023 votes for and 5,284,121 against
- KPMG LLP ratified as independent auditor for fiscal year ending December 31, 2026 with 724,751,914 votes for
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.