Form 4: Mammoth Energy Services Director Paul M. Jacobi Reports Acquisition of Restricted Stock Units

Director Paul M. Jacobi reports the acquisition of 27,856 restricted stock units in Mammoth Energy Services, granted as part of the company's equity incentive plan.

Summary

• On June 12, 2024, Paul M. Jacobi, a director of Mammoth Energy Services, Inc., acquired 27,856 restricted stock units (RSUs).
• The RSUs were granted under the issuer's equity incentive plan as an annual non-employee director grant.
• These RSUs will vest on the earlier of June 12, 2025, and the date of the issuer's 2025 Annual Meeting of Stockholders.
• Each RSU represents a contingent right to receive one share of common stock of Mammoth Energy Services.
• The RSUs have been assigned to Wexford Capital LP under the terms of Mr. Jacobi's employment with Wexford Capital LP, leading Mr. Jacobi to disclaim any interest except for his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't indicate positive or negative performance, just routine equity grants.

Positives

• The grant of restricted stock units to a director aligns their interests with those of the shareholders.
• The vesting schedule encourages continued service by the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates