0000899243-23-010782.txt : 20230405 0000899243-23-010782.hdr.sgml : 20230405 20230405190317 ACCESSION NUMBER: 0000899243-23-010782 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230403 FILED AS OF DATE: 20230405 DATE AS OF CHANGE: 20230405 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: LIBERTY MUTUAL HOLDING CO CENTRAL INDEX KEY: 0001142872 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41132 FILM NUMBER: 23803923 BUSINESS ADDRESS: STREET 1: FOUR TIMES SQUARE CITY: NEW YORK STATE: NY ZIP: 100366522 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PT Independence Energy Holdings LLC CENTRAL INDEX KEY: 0001897663 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-41132 FILM NUMBER: 23803924 BUSINESS ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-337-4607 MAIL ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Crescent Energy Co CENTRAL INDEX KEY: 0001866175 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (713) 481-7782 MAIL ADDRESS: STREET 1: 600 TRAVIS STREET STREET 2: SUITE 7200 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: IE PubCo Inc. DATE OF NAME CHANGE: 20210607 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-04-03 0 0001866175 Crescent Energy Co CRGY 0001897663 PT Independence Energy Holdings LLC C/O LIBERTY MUTUAL INSURANCE 175 BERKELEY STREET BOSTON MA 02116 1 0 1 0 0001142872 LIBERTY MUTUAL HOLDING CO 175 BERKELEY STREET BOSTON MA 02116 1 0 1 0 0 Class A Common Stock 2023-04-03 4 A 0 22858 0.00 A 41120 I See footnote Erich Bobinsky and Bevin Brown (the "Directors") are officers of Liberty Energy Holdings ("LEH") and serve on the Board of Directors of Crescent Energy Company (the "CRGY") as nominees of PT Independence Energy Holdings LLC (the "PT Reporting Person"). On April 3, 2023, CRGY granted to the Directors, in their capacities as directors of CRGY, an aggregate of 22,858 restricted stock units ("RSUs"). The Directors have agreed that they will not receive any separate compensation for serving as directors of CRGY and will transfer to LEH any director compensation they receive from CRGY, including any shares received in settlement of the restricted stock units. The shares of CRGY Class A common stock ("Common Stock") reported are RSUs granted to the Directors pursuant to the Crescent Energy Company 2021 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest on April 1, 2024, subject to the Directors' continuous service through such date. Pursuant to the terms of the Second Amended and Restated Limited Liability Company Agreement of the PT Reporting Person, LEH has the sole right to vote or dispose of the shares of Common Stock held by the PT Reporting Person. Therefore, LEH is deemed to have beneficial ownership of the shares of Common Stock. The sole member of LEH is Liberty Mutual Insurance Company ("Liberty Mutual"), which is wholly owned by Liberty Mutual Group Inc. The sole shareholder of Liberty Mutual Group Inc. is LMHC Massachusetts Holdings Inc., whose sole shareholder is Liberty Mutual Holding Company Inc. Because Liberty Mutual Holding Company Inc. is a mutual holding company, its members are entitled to vote at meetings of the company. No such member is entitled to cast 5% or more of the votes. Each of PT Reporting Person, LEH, Liberty Mutual, Liberty Mutual Group Inc., LMHC Massachusetts Holdings Inc. and Liberty Mutual Holding Company Inc. (collectively, the "Record Holders") directly (whether through ownership or position) or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, to be the indirect beneficial owner of some or all of the equity interests referred to in note 2 owned by the Record Holders and, therefore, a "ten percent holder" hereunder. Each Record Holder disclaims beneficial ownership of such equity interests reported herein, except to the extent of its pecuniary interest therein, and, with respect to each of the Record Holders, except to the extent of its respective direct ownership reported herein, and this report shall not be deemed an admission that the Record Holders are the beneficial owners of such securities for purposes of Section 16 or for any other purposes. PT INDEPENDENCE ENERGY HOLDINGS LLC, By: /s/ Brandi Kendall, Name: Brandi Kendall, Title: Vice President 2023-04-05 LIBERTY MUTUAL HOLDING COMPANY INC., By: /s/ Vlad Barbalat, Name: Vlad Barbalat, Title: Executive Vice President 2023-04-05