Prairie Operating (PROP) awards director 100,000 RSUs vesting in 2027
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 a grant of 100,000 restricted stock units (RSUs) of common stock as a compensation award under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share upon vesting, which occurs in full on June 3, 2027. Following this award, Frommer directly holds 305,372 shares of Prairie Operating common stock, as reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares
Net Buy
1 txn
Insider
Frommer Richard N.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 100,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 305,372 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
RSUs granted: 100,000 RSUs
Holdings after transaction: 305,372 shares
Transaction price per share: $0.0000 per share
+1 more
4 metrics
RSUs granted
100,000 RSUs
Restricted stock units granted to director Richard N. Frommer
Holdings after transaction
305,372 shares
Total direct common stock holdings reported after the RSU award
Transaction price per share
$0.0000 per share
Reported price for the RSU grant, consistent with a compensation award
Common stock par value
$0.01 per share
Par value of Prairie Operating Co. common stock underlying the RSUs
Key Terms
restricted stock units, Long-Term Incentive Plan, par value, contingent right to receive
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.
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.
contingent right to receive financial
"Each RSU represents a contingent right to receive, upon vesting, one share of common"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Prairie Operating (PROP) report for Richard N. Frommer?
Prairie Operating reported that director Richard N. Frommer received a grant of 100,000 restricted stock units (RSUs) of common stock as a compensation award. The RSUs were issued under the company’s 2024 Amended & Restated Long-Term Incentive Plan and were not a market purchase.
What are the vesting terms of Richard N. Frommer’s 100,000 RSUs at Prairie Operating (PROP)?
The 100,000 RSUs granted to Richard N. Frommer will vest in full on June 3, 2027. Upon vesting, each RSU entitles him to receive one share of Prairie Operating common stock, contingent on the standard conditions of the long-term incentive plan.
Under which plan were Richard N. Frommer’s new RSUs at Prairie Operating (PROP) granted?
The RSUs were granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan. This plan is Prairie Operating’s equity-based compensation program, under which directors and other participants can receive stock-based awards such as restricted stock units.
Do Richard N. Frommer’s RSUs at Prairie Operating (PROP) have a cash exercise price?
The filing reports the transaction price per share as $0.0000, consistent with a stock-based compensation award rather than a cash purchase. Each RSU represents a contingent right to receive one share of common stock upon vesting, rather than requiring a future exercise payment.