Prairie Operating Co. (PROP) awards 100,000 RSUs to board director
Rhea-AI Filing Summary
Thoresen Erik reported acquisition or exercise transactions in this Form 4 filing.
Prairie Operating Co. director Erik Thoresen reported an equity award of 100,000 restricted stock units (RSUs) on July 21, 2026. The RSUs were granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share of common stock and will vest in full on June 3, 2027. Following this grant, Thoresen’s reported direct holdings in this security total 220,760 shares/RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
1 txn
Insider
Thoresen Erik
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 220,760 shares (Direct)
Footnotes (1)
- 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, of Prairie Operating Co. ("Common Stock"). The 100,000 RSUs reported on this Form 4 will vest in full on June 3, 2027.
Key Figures
RSU grant: 100,000 RSUs
Holdings after transaction: 220,760 shares/RSUs
Vesting date: June 3, 2027
+2 more
5 metrics
RSU grant
100,000 RSUs
Restricted stock units granted to director Erik Thoresen on 2026-07-21
Holdings after transaction
220,760 shares/RSUs
Reported direct holdings in this security following the RSU grant
Vesting date
June 3, 2027
Date on which the 100,000 RSUs vest in full
Par value
$0.01 per share
Par value of Prairie Operating Co. common stock linked to the RSUs
Grant price per share
$0.0000
Reported per-share transaction price for the RSU award
Key Terms
restricted stock units, Long-Term Incentive Plan, contingent right, par value
4 terms
restricted stock units financial
"Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
contingent right financial
"Each RSU represents a contingent right to receive, upon vesting, one share of common stock"
par value financial
"one share of common stock, par value $0.01 per share, of Prairie Operating Co."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Prairie Operating Co. (PROP) report for Erik Thoresen?
Prairie Operating Co. reported that director Erik Thoresen received a grant of 100,000 restricted stock units (RSUs). The RSUs are a form of equity compensation that can convert into common stock upon vesting, aligning the director’s interests with shareholders over time.
When do the 100,000 RSUs granted to Prairie Operating Co. (PROP) director Erik Thoresen vest?
The 100,000 RSUs granted to Erik Thoresen will vest in full on June 3, 2027. Vesting means the units convert into the right to receive Prairie Operating Co. common shares, assuming any plan conditions are satisfied at that date.
What does each RSU granted at Prairie Operating Co. (PROP) represent?
Each RSU granted to Erik Thoresen represents a contingent right to receive one share of Prairie Operating Co. common stock. The units only deliver shares after they vest on June 3, 2027, under the terms of the long-term incentive plan.
Under which compensation plan were the 100,000 RSUs for Prairie Operating Co. (PROP) granted?
The 100,000 RSUs awarded to Erik Thoresen were granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan. This plan provides equity-based compensation intended to reward and retain key personnel over the long term.