Form 4: Liberty Energy Director William F. Kimble Acquires Restricted Stock Units

Director William F. Kimble of Liberty Energy Inc. was granted 9,469 restricted stock units on January 2, 2025, which will vest on January 2, 2026.

Summary

• William F. Kimble, a director at Liberty Energy Inc., received 9,469 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.
• Following this transaction, Mr. Kimble beneficially owns a total of 79,432 shares of Liberty Energy Inc. Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting restricted stock units to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

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

Industry Context

This is a standard practice for incentivizing directors and aligning their interests with shareholders in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice across the industry to align their interests with the long-term performance of the company.
• Vesting schedules, such as the one-year cliff vesting in this case, are also typical for these types of grants.
• Companies like Halliburton (HAL) and Schlumberger (SLB) also use similar equity-based compensation for their directors.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages continued service from the director, which can benefit the company and its stakeholders.

Key Dates

Keywords

restricted stock units, beneficial ownership, director, equity, vesting, Liberty Energy Inc., LBRT, Form 4