ProPetro (NYSE: PUMP) counsel exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. General Counsel and Corporate Secretary John J. Mitchell exercised previously awarded restricted stock units on March 4, 2026. He converted 18,705 RSUs into 18,705 shares of common stock at a stated price of $0.0000 per share. To cover taxes from this vesting and settlement, 7,361 common shares were withheld at $12.4900 per share. After these transactions, he held 118,396 shares of common stock and 107,661 RSUs directly. On March 4, 2025, he was granted 56,117 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,705 shares exercised/converted
Mixed
3 txns
Insider
Mitchell John J
Role
Gen. Counsel & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,705 | $0.00 | -- |
| Exercise | Common Stock | 18,705 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,361 | $12.49 | $92K |
Holdings After Transaction:
Restricted Stock Units — 107,661 shares (Direct);
Common Stock — 125,757 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 March 4, 2025, the reporting person was granted 56,117 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did PUMP’s John J. Mitchell report on March 4, 2026?
John J. Mitchell reported exercising 18,705 restricted stock units into 18,705 shares of ProPetro common stock and a related tax-withholding disposition of 7,361 shares, all dated March 4, 2026, with resulting direct ownership changes disclosed.
What are the terms of John J. Mitchell’s 56,117 RSU grant at ProPetro (PUMP)?
On March 4, 2025, John J. Mitchell received 56,117 restricted stock units from ProPetro. These RSUs vest in three substantially equal annual installments, beginning on the first anniversary of the grant date, creating a multi-year equity compensation schedule.
How do ProPetro (PUMP) restricted stock units reported by John J. Mitchell settle?
Each restricted stock unit represents a contingent right to receive either one share of ProPetro common stock or cash equal to the fair market value of one share, upon vesting and settlement, as described in the filing’s footnotes.