Prairie Operating grants RSUs to director Frommer
Frommer Richard N. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Frommer Richard N. reported acquisition or exercise transactions in this Form 4 filing.
Prairie Operating Co. director Richard N. Frommer received two equity awards of 38,860 and 62,500 restricted stock units under the 2024 Amended & Restated Long-Term Incentive Plan. Each RSU is a contingent right to one common share. Following these grants, he directly holds 125,372 shares of Prairie Operating common stock.
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Insights
TL;DR: Routine director equity awards align management with shareholders and include multi-year vesting to encourage retention.
The Form 4 discloses time-based RSU grants to a director under the LTIP, with explicit vesting dates and installment schedules. Such awards are customary for boards to link directors interests to long-term shareholder value and to retain leadership. The awards are granted at $0 price as RSUs, meaning the director will receive shares only upon vesting; the filing provides clear timelines for potential dilution and future share issuance tied to vesting events.
TL;DR: The disclosure is a standard Section 16 filing showing non-derivative RSU grants with defined vesting, not a cash transaction.
The reported transactions are non-derivative RSU awards totaling 101,360 units granted on 08/13/2025. The filing lists post-transaction beneficial ownership figures (62,872 and 125,372 shares), which help quantify the directors stake if all reported units vest. There are no option exercises, sales, or cash proceeds reported; the grants are contingent on future vesting events specified in the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 38,860 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 62,500 | $0.00 | $0.00 |
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, of Prairie Operating Co. ("Common Stock"). The 38,860 RSUs reported on this Form 4 will vest in full on June 4, 2026.
- F2. Represents RSUs granted under the LTIP. Each RSU represents a contingent right to receive, upon vesting, one share of Common Stock. The 62,500 RSUs reported on this Form 4 will vest ratably in three annual installments beginning on March 26, 2026.
Key Figures
Key Terms
restricted stock units financial
Long-Term Incentive Plan financial
contingent right financial
vest ratably financial
FAQ
What RSU grants did Prairie Operating Co. (PROP) award to director Richard N. Frommer?
When do Richard N. Frommer’s 38,860 Prairie Operating Co. (PROP) RSUs vest?
What is the vesting schedule for Richard N. Frommer’s 62,500 Prairie Operating Co. (PROP) RSUs?
Under which plan were Richard N. Frommer’s Prairie Operating Co. (PROP) RSUs granted?
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