Form 4: ProFrac Holding Corp. CFO Lance D. Turner Reports Stock Transaction
SEC Form 4 Filing
Lance D. Turner, CFO of ProFrac Holding Corp., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On May 17, 2024, Lance D. Turner, the Chief Financial Officer of ProFrac Holding Corp., reported a transaction involving Class A common stock.
- Turner disposed of 6,313 shares at a price of $9.01 per share to satisfy withholding taxes related to the vesting of restricted stock units granted on May 24, 2022, under the 2022 Long Term Incentive Plan.
- Following the transaction, Turner directly owns 221,313 shares of ProFrac Holding Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It doesn't necessarily reflect broader industry trends but provides transparency into the financial transactions of company executives.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/24/2022 | Date of grant of restricted stock units under the 2022 Long Term Incentive Plan. |
| 05/17/2024 | Date of transaction: disposition of shares to cover tax obligations. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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