Equity awards update for ProPetro (NYSE: PUMP) general counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. General Counsel and Corporate Secretary John J. Mitchell reported multiple equity award transactions. On February 27, 2026, he received a grant of 49,913 restricted stock units (RSUs), which will vest in three substantially equal annual installments commencing on February 27, 2027. On February 28, 2026, 20,335 previously awarded RSUs vested and were settled into an equal number of common shares, while 4,952 shares of common stock were withheld at $12.13 per share to cover taxes. Following these transactions, he directly owned 107,052 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,335 shares exercised/converted
Mixed
4 txns
Insider
Mitchell John J
Role
Gen. Counsel & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 20,335 | $0.00 | -- |
| Exercise | Common Stock | 20,335 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,952 | $12.13 | $60K |
| Grant/Award | Restricted Stock Units | 49,913 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 126,366 shares (Direct);
Common Stock — 112,004 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 61,006 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 John J. Mitchell?
ProPetro reported that John J. Mitchell received a new grant of 49,913 restricted stock units and had 20,335 previously granted RSUs vest into common stock. Additionally, 4,952 shares were withheld to pay taxes related to the RSU vesting event.
How many ProPetro (PUMP) restricted stock units were granted to John J. Mitchell?
John J. Mitchell received a grant of 49,913 restricted stock units. These RSUs are equity awards that can convert into common stock over time, aligning his compensation with shareholder interests through multi‑year vesting conditions and future share ownership.
When will John J. Mitchell’s new ProPetro (PUMP) RSU grant vest?
The 49,913 restricted stock units will vest in three substantially equal annual installments starting on February 27, 2027. This means portions of the award convert into value each year, encouraging longer‑term retention and performance alignment with ProPetro shareholders.
How many ProPetro (PUMP) RSUs vested and converted to common stock?
A total of 20,335 previously awarded restricted stock units vested and were settled into 20,335 shares of ProPetro common stock. This conversion reflects the completion of vesting conditions tied to earlier equity awards granted to John J. Mitchell.