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Granite Ridge Resources, Inc. announced that affiliates of Grey Rock Investment Partners distributed 14,000,000 shares…
GRNTGranite Ridge Resources, Inc.
Granite Ridge Resources, Inc. announced that affiliates of Grey Rock Investment Partners distributed 14,000,000 shares to limited partners on August 19, 2026, reducing Grey Rock’s beneficial ownership to approximately 39%. Consequently, the company ceased being a “controlled company” under NYSE listing standards and began transitioning to a non-controlled governance structure. The Board expanded from seven to nine directors, appointing independent members John Cocke and Jonathan Adams effective August 19, 2026. Each new director received grants of 19,305 shares and 5,315 restricted shares vesting on January 2, 2027. The company operates in the energy sector, focusing on unconventional oil and gas assets through operated partnerships.