Executive at ProFrac (ACDC) receives 31,047-share performance stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scrogham Steven reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp.’s Chief Legal Officer, Chief Compliance Officer and Corporate Secretary Steven Scrogham received a grant of 31,047 shares of Class A common stock as a performance-based award. This award reflects 2025 performance goals tied to EBITDA, free cash flow and other criteria certified by the board’s compensation committee.
The shares will vest in three equal installments on March 28, 2026, March 28, 2027 and March 28, 2028, subject to his continued service and good standing. Following this grant, Scrogham directly holds 132,221 shares of ProFrac Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scrogham Steven
Role
CLO, CCO & Corp. Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock, par value $0.01 per share | 31,047 | $0.00 | -- |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 132,221 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did ProFrac (ACDC) report for Steven Scrogham?
ProFrac reported a grant of 31,047 Class A common shares to Steven Scrogham. The award is compensation-based, not an open‑market purchase, and relates to performance share awards tied to 2025 EBITDA, free cash flow and other performance criteria.
Was the ProFrac (ACDC) Form 4 transaction a stock purchase or sale?
The Form 4 shows an acquisition through a grant, not a market trade. Shares were issued at zero price per share as part of performance share awards, so this is compensation rather than a buy or sell decision in the open market.
What role does Steven Scrogham hold at ProFrac (ACDC) in this Form 4?
Steven Scrogham is identified as Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of ProFrac. The reported shares were granted to him in that executive capacity under the company’s performance share award program as part of his compensation package.