ProPetro (PUMP) COO Adam Munoz receives 86,806 RSUs and withholds shares for taxes
Rhea-AI Filing Summary
ProPetro Holding Corp. President and COO Adam Munoz reported equity award activity involving restricted stock units (RSUs) and common stock. On February 27, 2026, he received a grant of 86,806 RSUs, which will vest in three substantially equal annual installments commencing on February 27, 2027.
On February 28, 2026, previously awarded RSUs vested and settled, resulting in 41,929 shares of common stock being delivered upon exercise or conversion of derivative securities. To cover taxes associated with this vesting, 16,500 shares of common stock were withheld at a price of $12.13 per share, described as a payment of tax liability by delivering securities. After these transactions, Munoz directly held 196,698 shares of common stock and 282,897 RSUs, each RSU representing the right to receive either one share or cash equal to the fair market value of one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 41,929 | $0.00 | -- |
| Exercise | Common Stock | 41,929 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,500 | $12.13 | $200K |
| Grant/Award | Restricted Stock Units | 86,806 | $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 125,786 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.