Form 4: Liberty Energy Director's Stock Activity

Liberty Energy Director Cary D. Steinbeck reported the grant of restricted stock units and a charitable gift of shares.

Summary

• Cary D. Steinbeck, a Director of Liberty Energy Inc. (LBRT), reported an acquisition of 9,566 Class A Common Stock in the form of restricted stock units (RSUs) on January 2, 2026.
• These restricted stock units are scheduled to vest 100% on January 2, 2027, contingent upon continued service.
• On December 30, 2025, Steinbeck also reported a disposition of 2,700 Class A Common Stock, which was a gift to a charitable organization.
• Following the gift transaction on December 30, 2025, direct beneficial ownership of Class A Common Stock was 30,753 shares.
• Following the RSU grant on January 2, 2026, direct beneficial ownership of Class A Common Stock was 33,453 shares.
• Indirect beneficial ownership includes 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: 5

Explanation: A routine insider transaction report showing both an equity grant and a charitable gift, which are common occurrences for directors and do not indicate a significant shift in company outlook or performance.

Positives

• The grant of 9,566 restricted stock units to a director indicates continued alignment of management interests with shareholder value through equity compensation.

Negatives

• A disposition of 2,700 shares through a charitable gift reduces the director's direct ownership, though this is a common and often tax-efficient practice.

Future Outlook

The restricted stock units granted on January 2, 2026, are scheduled to vest on January 2, 2027, indicating a future equity inflow for the director contingent on continued service.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions, common across all publicly traded companies. It reflects standard compensation practices (RSU grants) and personal financial planning (charitable gifts) for corporate directors.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's long-term interests with shareholder value. The charitable gift is a minor reduction in direct ownership and is a routine personal transaction.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The 9,566 restricted stock units granted on January 2, 2026, are expected to vest on January 2, 2027, subject to the director's continued service.

Key Dates

Recommendation

The Form 4 details routine insider transactions, including a restricted stock unit grant and a charitable gift. These actions do not provide a strong signal to alter an investment thesis, suggesting a 'hold' recommendation as they are standard occurrences for corporate directors and do not reflect significant operational or strategic changes.

Keywords

Liberty Energy, LBRT, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Charitable Gift, Beneficial Ownership, Director Stock Activity