ProFrac (ACDC) CFO granted 72,364 performance-share stocks after 2025 goals
Rhea-AI Filing Summary
Harbour Austin reported acquisition or exercise transactions in this Form 4 filing.
ProFrac Holding Corp. Chief Financial Officer Harbour Austin received 72,364 shares of Class A Common Stock as a grant on March 9, 2026. The shares were issued at no cash cost as part of performance share awards granted on March 28, 2025, tied to EBITDA, free cash flow and other 2025 performance goals.
The performance conditions were certified by the Compensation Committee, releasing the performance-vesting restrictions on these shares. They will vest in three equal installments on March 28, 2026, March 28, 2027 and March 28, 2028, subject to Austin’s continued service and good standing. After this award, he holds 150,185 shares directly.
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Insights
CFO award is routine performance-based equity compensation with no cash transaction.
The filing shows ProFrac’s CFO, Harbour Austin, acquiring 72,364 Class A Common shares via a grant valued at $0.00 per share. Footnotes explain these shares relate to performance share awards granted on March 28, 2025, based on EBITDA, free cash flow and other 2025 goals.
The Compensation Committee certified goal attainment, releasing performance conditions. The shares will vest equally on March 28, 2026, March 28, 2027 and March 28, 2028, contingent on continued service and good standing. Following this grant, Austin directly holds 150,185 shares, indicating a compensation-driven, non-market transaction rather than an open-market buy or sell.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.01 | 72,364 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of Company common stock issued under performance share awards granted to the reporting person on March 28, 2025. The award was subject to performance-vesting restrictions based on EBITDA, free cash flow and other performance criteria for the performance period from January 1, 2025 to December 31, 2025. The performance-vesting restrictions with respect to these shares were released on the date reported in Column 2 above upon certification of performance goal attainment by the Compensation Committee of the Company's Board of Directors. These shares will vest equally on March 28, 2026, March 28, 2027 and March 28, 2028, subject to the reporting person's continued service and good standing through each applicable vesting date.
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