ProPetro (NYSE: PUMP) CEO granted 217,013 RSUs, withholds 31,852 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. director and Chief Executive Officer Samuel D. Sledge reported several equity compensation moves. On February 27, 2026, he received a grant of 217,013 restricted stock units (RSUs), which will vest in three substantially equal annual installments starting on February 27, 2027. On February 28, 2026, previously awarded RSUs vested and settled, delivering 80,943 shares of common stock, while an equal number of RSUs were exercised or converted. To cover taxes related to this vesting, 31,852 common shares were withheld at $12.13 per share. After these transactions, Sledge directly held 598,284 shares of common stock and 550,482 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
80,943 shares exercised/converted
Mixed
4 txns
Insider
Sledge Samuel D
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 80,943 | $0.00 | -- |
| Exercise | Common Stock | 80,943 | $0.00 | -- |
| Tax Withholding | Common Stock | 31,852 | $12.13 | $386K |
| Grant/Award | Restricted Stock Units | 217,013 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 550,482 shares (Direct);
Common Stock — 630,136 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. The RSUs will vest in three substantially equal annual installments commencing on February 27, 2027. On February 28, 2024, the reporting person was granted 242,830 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What equity awards did ProPetro (PUMP) CEO Samuel Sledge receive?
Samuel Sledge received a grant of 217,013 restricted stock units (RSUs) on February 27, 2026. These RSUs vest in three substantially equal annual installments beginning February 27, 2027, providing long-term, stock-based compensation tied to ProPetro’s future performance.
How many ProPetro (PUMP) RSUs vested and converted to common stock?
On February 28, 2026, 80,943 previously awarded RSUs vested and settled into 80,943 shares of common stock. Each RSU represented a contingent right to receive either one share of common stock or cash equal to its fair market value.
How do the new ProPetro (PUMP) RSUs for Samuel Sledge vest over time?
The 217,013 RSUs granted on February 27, 2026 will vest in three substantially equal annual installments, starting on February 27, 2027. This structure spreads the award over several years, encouraging ongoing alignment with shareholder interests.
What is the nature of the ProPetro (PUMP) transactions coded M and F?
Code M transactions reflect the exercise or conversion of derivative securities, in this case RSUs settling into common stock. The code F transaction reflects shares withheld to pay taxes related to that RSU vesting, rather than an open-market sale.