ProPetro CAO nets 1,505 shares from RSU vesting
Chief Accounting Officer Celina A. Davila had RSUs vest into common stock, with a portion of shares withheld to cover tax obligations.
Rhea-AI Filing Summary
ProPetro Holding Corp. (PUMP) reported that Chief Accounting Officer Celina A. Davila settled 1,990 Restricted Stock Units into an equal number of shares of common stock on September 4, 2026. Of these, 485 shares were withheld to pay taxes, and 1,505 shares were delivered to her. After this vesting, she continues to hold 37,837 RSUs directly. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,990 shares exercised/converted
Exercise
3 txns
Insider
Davila Celina A
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F4 | 1,990 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 1,990 | -- | -- |
| Tax Withholding | Common Stock F3 | 485 | $11.10 | $5K |
Holdings After Transaction:
Restricted Stock Units — 37,837 contracts (Direct);
Common Stock — 33,199 shares (Direct)
Footnotes (4)
- F1. Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs").
- F2. 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
- F3. Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded RSUs.
- F4. On September 4, 2023, the reporting person was granted 5,970 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date
Key Figures
RSUs vested and settled: 1,990 units
Common shares delivered from RSUs: 1,505 shares
Shares withheld for taxes: 485 shares
+3 more
6 metrics
RSUs vested and settled
1,990 units
RSUs converted into common stock on September 4, 2026
Common shares delivered from RSUs
1,505 shares
Net shares delivered after tax withholding from 1,990 vested RSUs
Shares withheld for taxes
485 shares
Common stock withheld to satisfy tax liability on RSU vesting
Tax withholding price per share
$11.10 per share
Price used for 485 shares withheld to satisfy taxes
Remaining RSUs held
37,837 units
Directly held RSUs after 1,990-unit vesting
RSU grant referenced
5,970 units
RSUs granted on September 4, 2023, vesting in three annual installments
Key Terms
Restricted Stock Units, vesting and settlement, withheld to satisfy taxes payable, contingent right
4 terms
Restricted Stock Units financial
"Reflects shares of common stock ... upon vesting and settlement of previously awarded restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting and settlement financial
"Reflects shares of common stock ... delivered upon vesting and settlement of previously awarded RSUs"
withheld to satisfy taxes payable financial
"Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting"
contingent right financial
"Each RSU represents a contingent right to receive either one share of Common Stock"
FAQ
What equity transaction did ProPetro (PUMP) report for Celina A. Davila?
ProPetro reported that Chief Accounting Officer Celina A. Davila had 1,990 RSUs vest and settle into 1,990 shares of common stock on September 4, 2026, as part of previously awarded equity compensation.
Does the Form 4 indicate any open-market sale or purchase of ProPetro (PUMP) stock?
No. The reported transactions reflect RSU vesting and shares withheld to pay taxes. There is no open-market purchase or sale reported in this Form 4.
How many Restricted Stock Units does Celina A. Davila still hold at ProPetro (PUMP)?
After the vesting of 1,990 RSUs, Celina A. Davila is reported to hold 37,837 Restricted Stock Units directly, which represent additional contingent rights to receive common stock or cash.
Were Celina A. Davila’s ProPetro (PUMP) transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.