ProFrac (ACDC) director receives 22,421 RSUs valued at $150,000
Rhea-AI Filing Summary
HADDOCK GERALD W reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. director Gerald W. Haddock received an equity award in the form of restricted stock units. He was granted 22,421 RSUs, each representing one share of Class A common stock, with a total grant date fair value of $150,000.
The RSUs were granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan and vest in full on May 27, 2027, the first anniversary of the grant date, if he continues to serve on the Board through that date. Following this grant, he holds 109,409 Class A shares directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.01 | 22,421 | $0.00 | -- |
Footnotes (1)
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Key Figures
Key Terms
restricted stock units ("RSUs") financial
grant date fair value financial
Long Term Incentive Plan financial
vest in full financial
FAQ
What insider transaction did ProFrac (ACDC) director Gerald W. Haddock report?
Gerald W. Haddock reported receiving a grant of 22,421 restricted stock units (RSUs) of ProFrac Holding Corp. Class A common stock. The award is a form of equity compensation and does not involve an open-market purchase or sale of shares.
What is the value of the RSU grant reported by ProFrac (ACDC) director Haddock?
The RSU grant to Gerald W. Haddock has a total grant date fair value of $150,000. This amount was approved by the Compensation Committee and reflects the accounting value of the equity award on the effective grant date.
When do Gerald W. Haddock’s ProFrac (ACDC) RSUs vest?
The RSUs granted to Gerald W. Haddock vest in full on May 27, 2027. Vesting is conditioned on his continued service on ProFrac’s Board of Directors through that first anniversary of the grant date.
What does each RSU granted to Gerald W. Haddock by ProFrac (ACDC) represent?
Each RSU granted to Gerald W. Haddock represents a contingent right to receive one share of ProFrac’s Class A common stock. Actual share delivery depends on the RSUs vesting under the specified service-based condition.