Form 4: ProFrac Holding Corp. CFO Austin Harbour Reports Acquisition of Restricted Stock Units

Austin Harbour, CFO of ProFrac Holding Corp., reports the acquisition of 77,821 restricted stock units under the company's 2022 Long Term Incentive Plan.

Summary

• On March 28, 2025, Austin Harbour, the Chief Financial Officer of ProFrac Holding Corp., acquired 77,821 restricted stock units.
• These restricted stock units were granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan.
• Each restricted stock unit represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share.
• The restricted stock units will vest in three equal annual installments beginning in March 2026.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices, aligning management interests with shareholders.

Positives

• The grant of restricted stock units aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning in March 2026, incentivizing the CFO's long-term performance.

Industry Context

This type of equity compensation is common in the oilfield services industry to attract and retain key executives.

Comparison to Industry Standards

• Equity compensation is a standard practice across the oil and gas industry.
• Companies like Halliburton, Schlumberger, and Baker Hughes also utilize restricted stock units and other equity-based awards to incentivize their executives.
• The vesting schedule of three years is also a common practice.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

ProFrac Holding Corp, Austin Harbour, Restricted Stock Units, Form 4, ACDC, CFO, Incentive Plan, Class A Common Stock, Beneficial Ownership