ProFrac (ACDC) CCO settles stock awards in cash, retains 117K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProFrac Holding Corp. Chief Commercial Officer Matthew A. Greenwood reported compensation-related share disposals tied to vested equity awards. On March 31, 2026, he disposed of 7,564 and 5,330 shares of Class A common stock to the issuer as restricted stock units and performance-based shares vested and were settled in cash. An additional 4,151 shares were withheld to cover taxes upon vesting under the 2022 Long Term Incentive Plan. After these transactions, Greenwood directly holds 117,305 shares of ProFrac Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Greenwood Matthew A
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A common stock, par value $0.01 per share | 7,564 | $6.20 | $47K |
| Disposition | Class A common stock, par value $0.01 per share | 5,330 | $6.20 | $33K |
| Tax Withholding | Class A common stock, par value $0.01 per share | 4,151 | $0.00 | -- |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 126,786 shares (Direct)
Footnotes (1)
- Reflects the disposal of restricted stock units granted to the reporting person on March 31, 2023, which vested on March 31, 2026 and were settled with the reporting person in cash. Reflects the disposal of performance-based shares of Company common stock, granted on March 9, 2026 under the 2023 performance-based award, which vested on March 31, 2026 and were settled with the reporting person in cash. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 31, 2023 grant of restricted stock units, including performance-based restricted stock units, under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 31, 2026.
Key Figures
Issuer disposition 1: 7,564 shares at $6.20
Issuer disposition 2: 5,330 shares at $6.20
Tax-withholding shares: 4,151 shares
+2 more
5 metrics
Issuer disposition 1
7,564 shares at $6.20
Class A common stock disposed to issuer on March 31, 2026
Issuer disposition 2
5,330 shares at $6.20
Additional Class A shares disposed to issuer on March 31, 2026
Tax-withholding shares
4,151 shares
Shares disposed to satisfy withholding taxes on March 31, 2026
Post-transaction holdings
117,305 shares
Direct Class A common stock held after March 31, 2026 transactions
Share price reference
$6.20 per share
Price used for issuer dispositions of Class A common stock
Key Terms
restricted stock units, performance-based shares, 2022 Long Term Incentive Plan, tax-withholding disposition, +1 more
5 terms
restricted stock units financial
"Reflects the disposal of restricted stock units granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2022 Long Term Incentive Plan financial
"including performance-based restricted stock units, under the 2022 Long Term Incentive Plan"
tax-withholding disposition financial
"tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
disposition to issuer financial
"transaction_action": "issuer disposition""
FAQ
What did ProFrac (ACDC) executive Matthew Greenwood report in this Form 4 filing?
Matthew Greenwood reported disposing of ProFrac shares in connection with vested equity awards. Shares were returned to the issuer as restricted stock units and performance-based shares settled in cash, and some were withheld to cover taxes upon vesting, leaving him with 117,305 directly held shares.
Were Matthew Greenwood’s ProFrac (ACDC) transactions open-market sales or compensation related?
The transactions were compensation related, not open-market sales. Shares were disposed of to the issuer as vested restricted stock units and performance-based shares settled in cash, and additional shares were withheld to cover tax obligations arising from the vesting event.