Form 4: ProFrac Director Gerald Haddock Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Gerald W. Haddock was granted 22,421 restricted stock units as part of ProFrac Holding Corp.'s long-term incentive plan.
Summary
- Director Gerald W. Haddock received a grant of 22,421 restricted stock units (RSUs) on May 27, 2026.
- The grant has a total fair value of $150,000.
- The RSUs are set to vest in full on May 27, 2027, contingent upon continued service on the Board.
- Following this transaction, the director's total beneficial ownership of Class A common stock is 109,409 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standard retention mechanism via a one-year vesting schedule.
Negatives
- None identified.
Risks
- Vesting is subject to the director's continued service on the Board through May 27, 2027.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on director equity compensation.
Management Comments
- The grant was approved by the Compensation Committee as part of the 2022 Long Term Incentive Plan.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the energy services sector to ensure long-term alignment between leadership and shareholder value.
Comparison to Industry Standards
- The use of RSUs for director compensation is consistent with standard practices among publicly traded energy services companies.
- The one-year cliff vesting period is a common retention structure for board members in the U.S. market.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock units to a director under the 2022 Long Term Incentive Plan. | 05/27/2026 | Minimal impact; standard alignment of director incentives. |
Stakeholder Impact
- Shareholders: Increased alignment of director interests with long-term stock performance.
Next Steps
- Vesting of the 22,421 RSUs on May 27, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/27/2026 | Effective grant date of the restricted stock units and date of transaction. |
| 05/29/2026 | Date the Form 4 was filed with the SEC. |
| 05/27/2027 | Vesting date for the granted restricted stock units. |
Keywords
ProFrac Holding Corp, ACDC, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction
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