ProPetro (NYSE: PUMP) director receives 28,181 shares as RSUs fully vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProPetro Holding Corp. director Michele Vion exercised previously awarded equity compensation. On May 18, 2026, 28,181 restricted stock units vested and were settled into the same number of shares of common stock at no cash exercise price. These RSUs were granted on May 21, 2025 and vested in full ahead of the 2026 annual meeting timeline described in the award terms. Following the settlement, Vion directly holds 73,210 shares of ProPetro common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,181 shares exercised/converted
Mixed
2 txns
Insider
Vion Michele
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 28,181 | $0.00 | -- |
| Exercise | Common Stock | 28,181 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 73,210 shares (Direct, null)
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. On May 21 2025, the reporting person was granted 28,181 RSUs, vesting in full upon the earlier to occur of the day immediately preceding the Issuer's annual meeting of stockholders in 2026 and May 21, 2026.
Key Figures
RSUs vested and settled: 28,181 units/shares
Shares held after transaction: 73,210 shares
RSU grant size: 28,181 RSUs
+1 more
4 metrics
RSUs vested and settled
28,181 units/shares
Restricted stock units converting into common stock on May 18, 2026
Shares held after transaction
73,210 shares
Direct ProPetro common stock holdings by Michele Vion after Form 4
RSU grant size
28,181 RSUs
Equity award granted on May 21, 2025
Exercise price per RSU
$0.00 per unit
RSUs settled into common stock at no stated cash cost
Key Terms
Restricted Stock Units, derivative security, contingent right, annual meeting of stockholders
4 terms
Restricted Stock Units financial
"Reflects shares of common stock of the Issuer delivered upon vesting and settlement of previously awarded restricted stock units ("RSUs")."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"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."
annual meeting of stockholders financial
"vesting in full upon the earlier to occur of the day immediately preceding the Issuer's annual meeting of stockholders in 2026 and May 21, 2026."
FAQ
What insider transaction did ProPetro (PUMP) director Michele Vion report?
Michele Vion reported the vesting and settlement of 28,181 restricted stock units into 28,181 shares of ProPetro common stock. This was a compensation-related equity award converting into stock, not an open-market purchase or sale, and involved no stated cash exercise price.
When were the restricted stock units granted to ProPetro (PUMP) director Michele Vion?
The 28,181 restricted stock units were granted on May 21, 2025. According to the footnotes, they were scheduled to vest in full upon the earlier of the day immediately preceding ProPetro’s 2026 annual stockholders meeting or May 21, 2026.
What does the M transaction code mean in the ProPetro (PUMP) Form 4 for Michele Vion?
The M transaction code indicates an exercise or conversion of a derivative security. Here, it reflects the conversion of 28,181 restricted stock units into 28,181 shares of ProPetro common stock as part of equity compensation vesting, rather than an open-market trade.