Why Crown LNG’s Zero Insider Sales Signal a Governance Culture Big Energy Should Emulate
Corporate buy-in starts at home. Over the past 24 months, filings show zero insider sales at Crown LNG. No 10b5-1 plans, no “ tax swaps, ” nothing. For a pre-revenue company, that restraint is rare—and telling. Contrast with high-profile energy SPACs whose founders dumped shares within months. Crown ’ s board seems to view ownership as obligation, not optional upside. Governance experts call this commitment consistency : decision-makers align actions with stated mission. Projects costing $1 billion require lenders to trust pro-forma cash flows years ahead of reality. Insider retention substitutes direct cash guarantees it whispers, “ our money stays until yours is safe. ” Lenders listen. Sources in project-finance circles say Crown ’ s zero-sale track record eased preliminary credit assessments. When executives keep chips on the felt, banks assume technical risk is manageable; the remaining hurdle becomes market offtake. Crown addressed that by signing an MoU with the India ...