ProPetro (PUMP) director receives grant of 9,101 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lawrence G Larry reported acquisition or exercise transactions in this Form 4 filing.
ProPetro Holding Corp. director Lawrence G. Larry received a grant of 9,101 restricted stock units. These RSUs are a form of equity compensation, granted at no cash cost and settled later in either common shares or cash equal to the share’s fair market value.
The 9,101 RSUs will vest in full on the earlier of the day immediately preceding ProPetro’s 2027 annual stockholders’ meeting or May 20, 2027. After this grant, Larry holds 9,101 RSUs directly, reflecting a routine compensation award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lawrence G Larry
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,101 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,101 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 9,101 units
RSUs held after grant: 9,101 units
Grant price: $0.00 per unit
+1 more
4 metrics
RSUs granted
9,101 units
Restricted Stock Units granted to director on May 20, 2026
RSUs held after grant
9,101 units
Total restricted stock units following the reported transaction
Grant price
$0.00 per unit
Equity compensation award with no cash paid at grant
Latest vesting date
May 20, 2027
RSUs vest at the earlier of this date or just before 2027 annual meeting
Key Terms
Restricted Stock Units, contingent right, fair market value, annual meeting of stockholders
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive either one share of the Issuer's common stock"
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.
contingent right financial
"represents a contingent right to receive either one share of the Issuer's common stock or an amount of cash"
fair market value financial
"an amount of cash equal to the fair market value of one share of Common Stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
annual meeting of stockholders financial
"will vest in full upon the earlier to occur of the day immediately preceding the Issuer's annual meeting of stockholders in 2027"
FAQ
What did ProPetro (PUMP) director Lawrence G. Larry report on this Form 4?
Lawrence G. Larry reported receiving a grant of 9,101 restricted stock units as equity compensation. These RSUs give him a contingent right to future ProPetro common stock or equivalent cash value, with no open-market share purchase or sale involved.
How many ProPetro (PUMP) restricted stock units were granted to Lawrence G. Larry?
He was granted 9,101 restricted stock units. Each unit represents the right to receive either one share of ProPetro common stock or cash equal to its fair market value, subject to the vesting schedule disclosed in the Form 4 footnote.
When do Lawrence G. Larry’s ProPetro (PUMP) RSUs vest?
The 9,101 restricted stock units vest in full on the earlier of the day immediately preceding ProPetro’s 2027 annual meeting of stockholders or May 20, 2027. Vesting must occur before Larry can receive shares or cash from these units.
Does this ProPetro (PUMP) Form 4 show any stock sales or purchases by Lawrence G. Larry?
No, the filing shows a grant of 9,101 restricted stock units as compensation, not an open-market purchase or sale. The transaction is coded “A” for grant or award and does not involve paying cash to buy or selling existing common shares.
What does each ProPetro (PUMP) RSU granted to Lawrence G. Larry represent?
Each restricted stock unit represents a contingent right to receive one share of ProPetro common stock or cash equal to the fair market value of one share. Actual receipt depends on satisfying the vesting conditions outlined in the Form 4 footnote.