Form 4: ProFrac Director Receives Equity Grant

Director Theresa Glebocki was granted 22,421 restricted stock units under the ProFrac Holding Corp. 2022 Long Term Incentive Plan.

Summary

• Director Theresa Glebocki received a grant of 22,421 restricted stock units (RSUs).
• The grant has a total fair value of $150,000.
• The RSUs vest in full on May 27, 2027, contingent upon continued service on the Board.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None noted.

Risks

• Vesting is subject to continued service on the Board of Directors.

Future Outlook

The RSUs are scheduled to vest on May 27, 2027, provided the director remains on the Board.

Industry Context

StockSavvy.ai notes that equity-based compensation for non-employee directors is a standard corporate governance practice in the energy services sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded companies in the oilfield services industry.

Corporate Governance

Stakeholder Impact

• Minor dilution impact upon eventual vesting of shares.

Next Steps

• Vesting of the 22,421 RSUs on May 27, 2027.

Key Dates

Keywords

ProFrac, ACDC, Director Compensation, Equity Grant, Insider Ownership