ProPetro (PUMP) director awarded two new RSU grants vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GOBE PHILLIP A reported acquisition or exercise transactions in this Form 4 filing.
ProPetro Holding Corp. director Phillip A. Gobe received two grants of Restricted Stock Units (RSUs) tied to ProPetro common stock. One award covers 2,055 RSUs and another covers 9,101 RSUs, each representing a right to receive either one share of common stock or cash equal to its fair market value.
The RSUs will vest in full on the earlier of the day immediately preceding ProPetro’s 2027 annual meeting of stockholders or May 20, 2027. These are compensation-related equity awards rather than open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GOBE PHILLIP A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,101 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,055 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,101 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size 1: 2,055 RSUs
RSU grant size 2: 9,101 RSUs
Holding after first RSU grant line: 11,156 RSUs
+2 more
5 metrics
RSU grant size 1
2,055 RSUs
Award of Restricted Stock Units to director on May 20, 2026
RSU grant size 2
9,101 RSUs
Second RSU award to director on May 20, 2026
Holding after first RSU grant line
11,156 RSUs
Total RSUs shown following 2,055-unit award
Holding after second RSU grant line
9,101 RSUs
Total RSUs shown following 9,101-unit award
RSU vesting date trigger
May 20, 2027
Latest possible full vesting date for RSUs
Key Terms
Restricted Stock Unit, contingent right, fair market value, vest in full, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive either one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive either one share of the Issuer's common stock"
fair market value financial
"or 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.
vest in full financial
"The RSUs will vest in full upon the earlier to occur of the day immediately preceding"
annual meeting of stockholders financial
"the earlier to occur of the day immediately preceding the Issuer's annual meeting of stockholders in 2027"
FAQ
What insider transactions did ProPetro (PUMP) report for Phillip A. Gobe?
ProPetro reported that director Phillip A. Gobe received two grants of Restricted Stock Units, covering 2,055 RSUs and 9,101 RSUs. These RSUs are equity-based compensation rather than open-market stock purchases or sales.
When do Phillip A. Gobe’s new ProPetro (PUMP) RSUs vest?
The RSUs granted to Phillip A. Gobe will vest in full on the earlier of the day immediately preceding ProPetro’s 2027 annual stockholders’ meeting or May 20, 2027, providing a clear time frame for when the awards become fully earned.
What does each ProPetro (PUMP) RSU granted to Phillip A. Gobe represent?
Each Restricted Stock Unit represents a contingent right to receive either one share of ProPetro’s common stock or a cash payment equal to the fair market value of one share, aligning director compensation with shareholder value over time.
Are Phillip A. Gobe’s ProPetro (PUMP) RSU grants open-market stock purchases?
No, the reported transactions are equity compensation grants coded as awards, not open-market stock purchases or sales. They reflect the company’s director compensation program rather than discretionary trading in ProPetro’s common shares.
How many ProPetro (PUMP) RSUs does Phillip A. Gobe hold after these grants?
After the 2,055-unit RSU grant, the related holding line shows 11,156 RSUs. After the 9,101-unit RSU grant, the related holding line shows 9,101 RSUs, indicating two separate RSU award positions reported in the filing.