Form 4: Liberty Energy Director Cary D. Steinbeck Reports Stock Grant and Holdings

Director Cary D. Steinbeck of Liberty Energy Inc. reported the acquisition of 9,469 restricted stock units and his existing holdings in a recent SEC filing.

Summary

• Cary D. Steinbeck, a director at Liberty Energy Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 9,469 Class A common stock restricted stock units on January 2, 2025.
• These restricted stock units will vest 100% on January 2, 2026, contingent upon continued service.
• Each restricted stock unit represents the right to receive one share of Liberty Energy Inc. Class A common stock upon vesting.
• The filing also details Mr. Steinbeck's existing holdings, including 29,017 directly owned shares, 329,350 shares held by the Steinbeck Family Trust, and 9,805 shares held by the Cary Dustin Steinbeck & Melissa Maucione Crimson Steinbeck TR.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock transactions by a director, which is neither particularly positive nor negative. The grant of stock units is a positive sign of alignment with company performance, but it's a standard practice.

Positives

• The grant of restricted stock units aligns Mr. Steinbeck's interests with the long-term performance of Liberty Energy.
• The vesting schedule encourages continued service and commitment from the director.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and activities of company directors.

Comparison to Industry Standards

• The reporting of stock grants and holdings by directors is a standard practice for publicly listed companies like Liberty Energy.
• Similar filings are made by directors and officers of comparable companies such as Halliburton (HAL) and Schlumberger (SLB), detailing their transactions in company stock.
• The vesting schedule of the restricted stock units is also typical, aligning with industry norms for executive compensation.

Stakeholder Impact

• The stock grant to a director may be viewed positively by shareholders as it aligns management's interests with the company's performance.
• The disclosure provides transparency to the market regarding insider holdings.

Key Dates

Keywords

Liberty Energy, LBRT, Cary D. Steinbeck, Form 4, restricted stock units, insider trading, beneficial ownership, SEC filing, director holdings