ProPetro SVP awarded 71,428 RSUs
Wood William Michael reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 71,428 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. The RSUs will vest in two installments, with 40% vesting on November 1, 2027 and the remaining 60% vesting on May 1, 2029.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
fair market value financial
vest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ProPetro (PUMP) report for William Michael Wood?
How do the new RSUs granted to ProPetro’s William Michael Wood vest?
What does each Restricted Stock Unit represent in ProPetro’s Form 4 for PUMP?
How many equity-linked units does William Michael Wood hold after this ProPetro grant?
Is the ProPetro (PUMP) Form 4 transaction a purchase or a compensation award?
AI-generated analysis. How Rhea-AI works. Not financial advice.