ProFrac (NASDAQ: ACDC) director receives $150,000 RSU stock grant
Rhea-AI Filing Summary
Nieuwoudt Stacy Durbin reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. director Stacy Durbin Nieuwoudt received an equity award in the form of restricted stock units (RSUs). The award covers 22,421 RSUs under the ProFrac Holding Corp. 2022 Long Term Incentive Plan, with a total grant date fair value of $150,000 and an effective grant date of May 27, 2026.
Each RSU represents the right to receive one share of ProFrac Class A common stock at no purchase price, if vesting conditions are met. The RSUs vest in full on May 27, 2027, the first anniversary of the grant date, subject to Nieuwoudt’s continued service on the Board through that date. Following this grant, Nieuwoudt directly holds 100,659 shares of Class A common stock.
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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 | $0.00 |
Footnotes (1)
- F1. Reflects restricted stock units ("RSUs") granted to the reporting person under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share. The RSUs were granted with a total grant date fair value of $150,000, as approved by the Compensation Committee, with an effective grant date of May 27, 2026. The RSUs vest in full on May 27, 2027, the first anniversary of the grant date, subject to the reporting person's continued service on the Board through the vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
grant date fair value financial
2022 Long Term Incentive Plan financial
vest in full financial
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