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ProPetro (PUMP) operations SVP granted 71,428 RSUs in equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wood William Michael reported acquisition or exercise transactions in this Form 4 filing.

ProPetro Holding Corp. reported that Sr Vice President - Operations William Michael Wood received a grant of 71,428 Restricted Stock Units (RSUs). Each RSU represents a right to receive either one share of common stock or cash equal to the share’s fair market value. The RSUs vest in two installments, with 40% vesting on November 1, 2027 and the remaining 60% vesting on May 1, 2029. Following this award, Wood beneficially holds 121,179 RSUs directly.

Positive

  • None.

Negative

  • None.
Insider Wood William Michael
Role Sr Vice President - Operations
Type Security Shares Price Value
Grant/Award Restricted Stock Units 71,428 $0.00 --
Holdings After Transaction: Restricted Stock Units — 121,179 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit ("RSU") represents a contingent right to receive either one share of common stock of the Issuer ("Common Stock") or an amount of cash equal to the fair market value of one share of Common Stock. The RSUs will vest in two installments, with 40% vesting on November 1, 2027 and the remaining 60% vesting on May 1, 2029.
RSUs granted 71,428 units Grant to Sr VP - Operations on May 1, 2026
Post-grant RSU holdings 121,179 units Total Restricted Stock Units following transaction
First vesting tranche 40% of RSUs Vests on November 1, 2027
Second vesting tranche 60% of RSUs Vests on May 1, 2029
RSU grant price $0.00 per unit Equity award, no cash paid by insider
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive either one share"
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.
contingent right financial
"represents a contingent right to receive either one share of common stock"
fair market value financial
"or an amount of cash equal to the fair market value of one share of Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vest financial
"The RSUs will vest in two installments, with 40% vesting on November 1, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wood William Michael
(Last)(First)(Middle)
ONE MARIENFELD PLACE
110 N. MARIENFELD STREET, SUITE 300
(Street)
MIDLAND TEXAS 79701
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ProPetro Holding Corp. [ PUMP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Sr Vice President - Operations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2)05/01/2026A71,428 (1)(2) (1)(2)Common Stock71,428$0121,179D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a contingent right to receive either one share of common stock of the Issuer ("Common Stock") or an amount of cash equal to the fair market value of one share of Common Stock.
2. The RSUs will vest in two installments, with 40% vesting on November 1, 2027 and the remaining 60% vesting on May 1, 2029.
Remarks:
/s/ John J. Mitchell, as attorney-in-fact for William Michael Wood05/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ProPetro (PUMP) report for William Michael Wood?

ProPetro reported that Sr Vice President - Operations William Michael Wood received a grant of 71,428 Restricted Stock Units. These RSUs are a form of equity-based compensation and increase his direct beneficial interest in the company’s stock-linked awards to a total of 121,179 units.

How do the new RSUs granted to ProPetro’s William Michael Wood vest?

The 71,428 Restricted Stock Units granted to William Michael Wood vest in two stages. Forty percent of the RSUs vest on November 1, 2027, and the remaining sixty percent vest on May 1, 2029, aligning compensation with multi‑year company performance and retention.

What does each Restricted Stock Unit represent in ProPetro’s Form 4 for PUMP?

Each Restricted Stock Unit represents a contingent right to receive either one share of ProPetro common stock or cash equal to that share’s fair market value. This structure ties executive compensation directly to the company’s equity value or an equivalent cash amount at settlement.

How many equity-linked units does William Michael Wood hold after this ProPetro grant?

After the 71,428-unit grant, William Michael Wood beneficially holds 121,179 Restricted Stock Units directly. This figure reflects his total RSU position reported in the filing and indicates the scale of his equity-based compensation aligned with ProPetro’s future performance.

Is the ProPetro (PUMP) Form 4 transaction a purchase or a compensation award?

The Form 4 transaction is a compensation-related award, not an open-market stock purchase. It is coded as an “A” transaction, reflecting a grant or award acquisition of 71,428 Restricted Stock Units to Sr Vice President - Operations William Michael Wood at no cash cost per unit.