ProPetro (PUMP) CCO logs 47,743 new RSUs plus share tax withholding
Rhea-AI Filing Summary
ProPetro Holding Corp.'s Chief Commercial Officer, Shelby Kyle Fietz, reported several equity compensation moves. On February 27, 2027, Fietz received a grant of 47,743 restricted stock units (RSUs), which will vest in three substantially equal annual installments commencing on that date.
On a separate date, 18,868 RSUs vested and were settled into 18,868 shares of common stock at no cost, increasing directly held common shares to 225,827 before tax withholding. To cover taxes from this vesting, 4,595 common shares were withheld at a price of $12.13 per share, leaving 221,232 common shares held directly afterward. Footnotes note that each RSU represents the right to receive one share of common stock or cash equal to its fair market value, and that a prior grant of 56,603 RSUs was made on February 28, 2024, vesting in three annual installments beginning on the first anniversary of that grant.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,868 | $0.00 | -- |
| Exercise | Common Stock | 18,868 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,595 | $12.13 | $56K |
| Grant/Award | Restricted Stock Units | 47,743 | $0.00 | -- |
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. The RSUs will vest in three substantially equal annual installments commencing on February 27, 2027. On February 28, 2024, the reporting person was granted 56,603 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What did ProPetro (PUMP) executive Shelby Kyle Fietz receive in this insider report?
How many ProPetro (PUMP) RSUs vested for Shelby Kyle Fietz in this report?
What prior RSU grant to Shelby Kyle Fietz does this ProPetro (PUMP) report reference?
How do ProPetro (PUMP) RSUs function for Shelby Kyle Fietz in this report?