ProFrac (ACDC) CCO awarded 150,000 RSUs tied to stock price goals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Greenwood Matthew A reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. Chief Commercial Officer Matthew A. Greenwood reported an equity award of 150,000 performance-based restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of Class A common stock if specific stock price performance criteria are achieved.
Starting after April 7, 2027, 10% of the RSUs vest if the 30‑day volume-weighted average price (VWAP) reaches at least $7.00, 25% vest at $10.00, another 25% at $14.00, and 40% at $18.00, subject to continued employment and good standing. Following this award, Greenwood directly holds 267,305 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Greenwood Matthew A
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock, par value $0.01 per share | 150,000 | $0.00 | -- |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 267,305 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 150,000 RSUs
Shares held after transaction: 267,305 shares
Initial VWAP vesting threshold: $7.00 VWAP
+4 more
7 metrics
RSU grant size
150,000 RSUs
Performance-based award under 2022 Long Term Incentive Plan
Shares held after transaction
267,305 shares
Direct Class A common stock holdings following grant
Initial VWAP vesting threshold
$7.00 VWAP
10% of RSUs vest when 30-day VWAP equals or exceeds $7.00
Second VWAP vesting threshold
$10.00 VWAP
25% of RSUs vest when 30-day VWAP equals or exceeds $10.00
Third VWAP vesting threshold
$14.00 VWAP
25% of RSUs vest when 30-day VWAP equals or exceeds $14.00
Final VWAP vesting threshold
$18.00 VWAP
40% of RSUs vest when 30-day VWAP equals or exceeds $18.00
Vesting start date
After April 7, 2027
RSUs eligible to vest only following this date
Key Terms
performance-based restricted stock units, volume-weighted average price, VWAP Threshold, Long Term Incentive Plan
4 terms
performance-based restricted stock units financial
"Reflects performance-based restricted stock units ("RSUs") granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
volume-weighted average price financial
"when the average of the daily volume-weighted average price per share of the Company's Class A common stock over the most recent 30 trading days"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
VWAP Threshold financial
"the average of the daily volume-weighted average price per share ... (the "VWAP Threshold") equals or exceeds $7.00"
Long Term Incentive Plan financial
"RSUs granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
FAQ
What did ProFrac (ACDC) executive Matthew Greenwood report in this Form 4?
Matthew A. Greenwood, ProFrac’s Chief Commercial Officer, reported receiving 150,000 performance-based RSUs. Each unit can convert into one share of Class A common stock if defined stock price targets are reached and employment conditions are met after April 7, 2027.
How many RSUs did ProFrac (ACDC) grant to its Chief Commercial Officer?
ProFrac granted Matthew A. Greenwood 150,000 performance-based restricted stock units. Each RSU represents a contingent right to receive one share of Class A common stock if specified volume-weighted average price thresholds are achieved and other vesting conditions are satisfied after April 7, 2027.
What are the stock price targets for Matthew Greenwood’s ProFrac (ACDC) RSU vesting?
The RSUs vest in tranches when the 30‑day VWAP meets set levels: 10% at $7.00, 25% at $10.00, 25% at $14.00, and 40% at $18.00. These price targets must be achieved after April 7, 2027, alongside continued employment.
When can Matthew Greenwood’s ProFrac (ACDC) RSUs begin to vest?
The RSUs can begin vesting following April 7, 2027. After that date, vesting depends on ProFrac’s 30‑day volume-weighted average share price reaching thresholds of $7.00, $10.00, $14.00, and $18.00 and on Greenwood remaining continuously employed and in good standing.
How are the 150,000 ProFrac (ACDC) RSUs allocated across vesting tranches?
The award vests in performance tranches: 10% of the RSUs at a $7.00 VWAP threshold, 25% at $10.00, 25% at $14.00, and 40% at $18.00. Each tranche requires the stock price goal plus continued employment and good standing.