Director at ProFrac (NASDAQ: ACDC) receives 18,916-share equity grant in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
HADDOCK GERALD W reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. director Gerald W. Haddock reported a grant of 18,916 shares of Class A common stock, received at no cost, as an equity award. Following this award, his directly held stake is 86,988 shares. The amendment also corrects a prior filing that had mistakenly shown 68,988 shares due to a scrivener's error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HADDOCK GERALD W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.01 | 18,916 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.01 — 86,988 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ProFrac Holding Corp. (ACDC) report for Gerald W. Haddock?
ProFrac reported that director Gerald W. Haddock received a grant of 18,916 shares of Class A common stock at no cost. This was recorded as an equity award rather than an open-market purchase, increasing his directly held ownership position in the company.
Was the ProFrac (ACDC) insider transaction a market purchase or an award?
The transaction was an equity award, coded as a grant or other acquisition, with a reported price per share of $0.0000. This indicates the shares were granted to Gerald W. Haddock as compensation, not bought on the open market, changing his holdings without a cash outlay.
What error does this ProFrac (ACDC) Form 4/A amendment correct?
The amendment corrects a scrivener's error in a prior Form 4 that incorrectly reported Gerald W. Haddock's total ownership as 68,988 shares. The corrected filing states his actual direct ownership is 86,988 shares, aligning the record with the latest equity award transaction.
What does transaction code "A" mean in the ProFrac (ACDC) Form 4/A?
Transaction code "A" in this context stands for a grant, award, or other acquisition of securities. For Gerald W. Haddock, it reflects an 18,916-share equity award of Class A common stock, received at a stated price of $0.0000 per share as part of his director compensation.