ProPetro (PUMP) COO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. President and COO Adam Munoz reported equity compensation activity involving restricted stock units and common shares. On the reported date, 37,411 restricted stock units vested and were settled into 37,411 shares of common stock at a stated price of $0.0000 per share, reflecting a non-cash conversion.
A separate transaction shows 14,722 common shares withheld at $12.4900 per share to cover taxes related to this RSU vesting. After these transactions, Munoz directly held 219,387 shares of common stock. A prior grant of 112,233 RSUs on March 4, 2025 is scheduled to vest in three substantially equal annual installments beginning on the first anniversary of that grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,411 shares exercised/converted
Mixed
3 txns
Insider
Munoz Adam
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 37,411 | $0.00 | -- |
| Exercise | Common Stock | 37,411 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,722 | $12.49 | $184K |
Holdings After Transaction:
Restricted Stock Units — 203,557 shares (Direct);
Common Stock — 234,109 shares (Direct)
Footnotes (1)
- Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs"). Each RSU represents a contingent right to receive either one share of Common Stock or an amount of cash equal to the fair market value of one share of Common Stock. Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded RSUs. On March 4, 2025, the reporting person was granted 112,233 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did ProPetro (PUMP) report for Adam Munoz?
Adam Munoz reported RSU vesting and related share withholding. 37,411 restricted stock units converted into 37,411 common shares, and 14,722 shares were withheld to cover taxes arising from the equity award settlement and vesting activity.
What RSU award details were disclosed for ProPetro (PUMP) executive Adam Munoz?
Munoz received an award of 112,233 restricted stock units on March 4, 2025. These RSUs are scheduled to vest in three substantially equal annual installments, beginning on the first anniversary of the March 4, 2025 grant date.
What do the Form 4 codes M and F mean in ProPetro (PUMP) filing for Adam Munoz?
Code M indicates an exercise or conversion of a derivative security, here RSUs converting into common stock. Code F indicates shares withheld to pay the exercise price or tax liability, which in this case covered taxes due on RSU vesting.