Prairie Operating (PROP) CEO granted 425K RSUs plus 425K performance units
Rhea-AI Filing Summary
Patton Gregory Scott reported acquisition or exercise transactions in this Form 4 filing.
Prairie Operating Co. disclosed that Chief Executive Officer Gregory Scott Patton received new equity awards. He was granted 425,000 restricted stock units (RSUs) under the 2024 Amended & Restated Long-Term Incentive Plan, each representing one future share of common stock upon vesting. These RSUs vest in three equal annual installments beginning on June 23, 2027. Patton was also granted 425,000 performance units, each tied to one share of common stock and vesting only if specified stock price milestones in his Performance Unit Award Agreement are achieved. Following these awards, he directly holds 1,116,224 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 425,000 shares
Net Buy
2 txns
Insider
Patton Gregory Scott
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Units | 425,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 425,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Units — 425,000 shares (Direct);
Common Stock — 1,116,224 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 425,000 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. The performance units were granted under the LTIP on June 23, 2027 and vest upon the achievement of certain stock price milestones set forth in the Performance Unit Award Agreement between the Issuer and Mr. Patton.
Key Figures
RSU grant size: 425,000 units
RSU vesting start: June 23, 2027
Performance unit grant size: 425,000 units
+2 more
5 metrics
RSU grant size
425,000 units
Restricted stock units granted under 2024 Amended & Restated LTIP
RSU vesting start
June 23, 2027
RSUs vest ratably in three annual installments beginning this date
Performance unit grant size
425,000 units
Performance units granted under LTIP, each tied to one common share
Common shares after grant
1,116,224 shares
CEO’s direct Prairie Operating common stock holdings following the RSU award
Transaction price per unit
$0.00
Stated transaction price for both RSUs and performance units
Key Terms
restricted stock units ("RSUs"), Long-Term Incentive Plan, performance units, stock price milestones
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan"
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 (as amended, the "LTIP")"
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 of Common Stock"
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.
stock price milestones financial
"vest upon the achievement of certain stock price milestones set forth in the Performance Unit Award Agreement"
FAQ
What equity awards did Prairie Operating (PROP) grant to its CEO?
Prairie Operating granted CEO Gregory Scott Patton 425,000 restricted stock units and 425,000 performance units. Each unit represents a contingent right to receive one share of common stock if vesting conditions are satisfied under the company’s long-term incentive plan.
How do the 425,000 RSUs granted to Prairie Operating’s CEO vest?
The 425,000 RSUs vest in three equal annual installments beginning June 23, 2027. Each vested RSU converts into one share of Prairie Operating common stock, aligning the CEO’s compensation with longer-term company performance and retention objectives under the long-term incentive plan.
What are the terms of the 425,000 performance units granted by Prairie Operating?
The 425,000 performance units give a contingent right to one share of common stock per unit. They vest only upon achievement of specified stock price milestones detailed in a Performance Unit Award Agreement between Prairie Operating and CEO Gregory Scott Patton.
Under which plan were the Prairie Operating CEO’s new awards granted?
Both the RSUs and performance units were granted under Prairie Operating’s 2024 Amended & Restated Long-Term Incentive Plan. This plan provides stock-based compensation, linking executive rewards to the company’s common stock performance over multi-year periods.
Do the new Prairie Operating CEO awards involve any stock purchases or sales?
The reported transactions are grants, not market trades. They show awards of RSUs and performance units at a stated price of $0.00 per unit, with no open-market buying or selling of Prairie Operating common stock disclosed in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
