ProPetro (NYSE: PUMP) counsel vests 11,522 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp.'s General Counsel and Corporate Secretary, John J. Mitchell, reported routine equity compensation activity. On February 1, 2026, 11,522 restricted stock units vested and were settled into common stock, consistent with a February 1, 2023 grant vesting in three annual installments.
To cover taxes on this vesting, 2,806 shares of common stock were withheld at a price of $11.49 per share. After these transactions, Mitchell directly holds 91,669 shares of common stock and 96,788 restricted stock units, reflecting ongoing alignment with ProPetro equity.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,522 shares exercised/converted
Mixed
3 txns
Insider
Mitchell John J
Role
Gen. Counsel & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,522 | $0.00 | -- |
| Exercise | Common Stock | 11,522 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,806 | $11.49 | $32K |
Holdings After Transaction:
Restricted Stock Units — 96,788 shares (Direct);
Common Stock — 94,475 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. On February 1, 2023, the reporting person was granted 34,564 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transaction did ProPetro (PUMP) General Counsel John J. Mitchell report?
John J. Mitchell reported routine equity compensation activity. On February 1, 2026, 11,522 restricted stock units vested into ProPetro common stock, and 2,806 shares were withheld to satisfy taxes, as disclosed in his Form 4 filing.
How many ProPetro (PUMP) restricted stock units vested for John J. Mitchell?
11,522 restricted stock units vested for John J. Mitchell. These RSUs were part of a 34,564-unit grant awarded on February 1, 2023, scheduled to vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
What are the key terms of John J. Mitchell’s February 1, 2023 ProPetro (PUMP) RSU grant?
Mitchell received 34,564 RSUs on February 1, 2023. The grant vests in three substantially equal annual installments, beginning on the first anniversary of the grant date, with vested units settling into ProPetro common stock or equivalent cash value.
How do ProPetro (PUMP) RSUs held by John J. Mitchell settle upon vesting?
Each RSU can settle in stock or cash. Specifically, each restricted stock unit represents a contingent right to receive either one share of ProPetro common stock or an amount of cash equal to the fair market value of one share upon settlement.