Form 4: Liberty Energy Inc. Executive Ryan T Gosney Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Ryan T Gosney, Chief Accounting Officer of Liberty Energy Inc., reports the acquisition of restricted stock units.
Summary
- On January 22, 2025, Ryan T Gosney, the Chief Accounting Officer of Liberty Energy Inc., acquired 28,653 restricted stock units (RSUs).
- These RSUs vest in three equal installments on April 1, 2026, 2027, and 2028, contingent upon continued employment.
- Each RSU represents a contingent right to receive one share of Liberty Energy Inc. Class A common stock upon vesting.
- Following the transaction, Gosney directly owns 195,535 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns executive interests with company performance.
Positives
- The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
- Continued employment is required for vesting, incentivizing retention.
Risks
- The value of the restricted stock units is subject to the performance of Liberty Energy Inc.'s Class A common stock.
- The executive must remain employed with the company to receive the shares upon vesting.
Future Outlook
The executive's compensation is tied to the future performance of the company's stock, incentivizing efforts to increase shareholder value.
Industry Context
This is a routine disclosure related to executive compensation, common in publicly traded companies to ensure transparency regarding insider transactions.
Comparison to Industry Standards
- Granting restricted stock units is a common practice in the energy industry to incentivize and retain key executives.
- Companies like Schlumberger, Halliburton, and Baker Hughes also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- Shareholders may view the equity-based compensation as a positive sign, aligning management's interests with theirs.
- Employees may see this as a standard practice for executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of transaction: Ryan T Gosney acquired restricted stock units. |
| 01/24/2025 | Date of signature on the Form 4 filing. |
| 04/01/2026 | First vesting date for one-third of the restricted stock units. |
| 04/01/2027 | Second vesting date for one-third of the restricted stock units. |
| 04/01/2028 | Final vesting date for one-third of the restricted stock units. |
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