Prairie Operating (PROP) grants 840,000 RSUs and 560,000 units to CFO
Rhea-AI Filing Summary
Shelly Michael James reported acquisition or exercise transactions in this Form 4 filing.
Prairie Operating Co. reported that Executive Vice President & CFO Shelly Michael James received equity-based compensation. On July 21, 2026, James was granted 840,000 restricted stock units (RSUs) at a stated price of $0.0000 per share, vesting ratably in three annual installments beginning on June 23, 2027. On July 23, 2026, James was also awarded 560,000 performance units, each linked to one share of common stock, with 50%–200% of the target eligible to vest for the June 23, 2026–June 30, 2029 performance period based on continued employment and the company’s relative total shareholder return versus designated Peer Companies.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 840,000 shares
Net Buy
2 txns
Insider
Shelly Michael James
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units F2 | 560,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 840,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Units — 560,000 shares (Direct);
Common Stock — 840,000 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan (as amended, the "LTIP"). Each RSU represents a contingent right to receive, upon vesting, one share of common stock, par value $0.01 per share ("Common Stock"), of Prairie Operating Co. (the "Issuer"). The 840,000 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on June 23, 2027.
- F2. Represents an award of performance units representing a contingent right to receive one share of Common Stock of the Issuer per performance unit. Between 50% and 200% of the target number of performance units granted, which were granted under the LTIP, are eligible to vest during a performance period beginning on June 23, 2026 and ending on June 30, 2029 based on continued employment and the Issuer's relative total shareholder return in comparison to the total shareholder return performance among the Peer Companies (as defined in the award agreement).
Key Figures
RSU grant: 840,000 RSUs
Performance unit award: 560,000 performance units
RSU vesting schedule: Three annual installments
+4 more
7 metrics
RSU grant
840,000 RSUs
Restricted stock units granted July 21, 2026, vesting in three annual installments beginning on June 23, 2027
Performance unit award
560,000 performance units
Performance units granted July 23, 2026, each representing a contingent right to one share of Common Stock
RSU vesting schedule
Three annual installments
840,000 RSUs vest ratably in three annual installments beginning on June 23, 2027
Performance vesting range
50% to 200% of target
Between 50% and 200% of the target number of performance units are eligible to vest
Performance period
June 23, 2026 to June 30, 2029
Performance units vest based on results over this relative total shareholder return period
Common Stock after RSU grant
840,000 shares
Total Common Stock held directly following the RSU grant transaction
Performance units after grant
560,000 units
Total performance units held directly following the award
Key Terms
restricted stock units ("RSUs"), Long-Term Incentive Plan, performance units, relative total shareholder return, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Long-Term Incentive Plan financial
"granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
performance units financial
"Represents an award of performance units representing a contingent right to receive one share"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Peer Companies financial
"total shareholder return performance among the Peer Companies (as defined in the award agreement)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Prairie Operating (PROP) grant to CFO Shelly Michael James?
Prairie Operating granted CFO Shelly Michael James 840,000 RSUs and 560,000 performance units. Each RSU and performance unit represents a contingent right to receive one share of common stock, subject to vesting, performance conditions, and continued employment over multi-year periods.
How do the 840,000 RSUs granted by Prairie Operating (PROP) vest?
The 840,000 RSUs vest ratably in three annual installments beginning on June 23, 2027. Each vested RSU delivers one share of Prairie Operating common stock, aligning compensation with long-term company performance and the executive’s ongoing service.
What is the performance period for the 560,000 performance units at Prairie Operating (PROP)?
The 560,000 performance units are eligible to vest over a performance period from June 23, 2026 to June 30, 2029. Vesting depends on continued employment and relative total shareholder return versus Peer Companies defined in the award agreement.
What percentage of performance units granted by Prairie Operating (PROP) can ultimately vest?
Between 50% and 200% of the target 560,000 performance units may vest. The ultimate payout is based on Prairie Operating’s relative total shareholder return against Peer Companies over the June 23, 2026–June 30, 2029 performance period and continued employment.
At what price were the new Prairie Operating (PROP) equity awards to the CFO reported?
Both the 840,000 RSUs and 560,000 performance units were reported with a stated transaction price of $0.0000 per unit. This reflects equity compensation awards rather than market purchases of Prairie Operating common stock by the executive.