Form 4: ProFrac Holding Corp. Executive Scrogham Acquires Shares Following Performance Goal Attainment

Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp., acquired 21,288 shares of Class A common stock after performance-vesting restrictions were released.

Summary

• On March 13, 2025, Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp., acquired 21,288 shares of Class A common stock.
• The acquisition was a result of the release of performance-vesting restrictions on a performance share award granted on March 28, 2024.
• The performance-vesting restrictions were based on EBITDA, free cash flow, and other performance criteria.
• The Compensation Committee of the Company's Board of Directors certified the attainment of the performance goals.
• The acquired shares will vest on March 31, 2025.
• Following the transaction, Scrogham directly owns 74,136 shares of Class A common stock.

Sentiment

Score: 7

Explanation: The document indicates that performance goals were met, leading to the vesting of shares, which is generally a positive sign. The executive's increased stake aligns interests with shareholders.

Positives

• The attainment of performance goals indicates positive performance by ProFrac Holding Corp.
• Executive's increased stake aligns his interests with those of shareholders.

Future Outlook

The shares acquired will vest on March 31, 2025.

Industry Context

Executive compensation and equity awards are common practices in the oil and gas industry to incentivize performance and align management interests with shareholders.

Comparison to Industry Standards

• Performance-based equity awards are a standard component of executive compensation packages in the energy sector, including companies like Halliburton, Schlumberger, and Baker Hughes.
• These awards often tie vesting to metrics such as EBITDA, free cash flow, and return on invested capital, aligning executive incentives with shareholder value creation.
• The specific performance targets and vesting schedules vary depending on the company's size, strategy, and industry conditions.

Stakeholder Impact

• Shareholders may view the attainment of performance goals and the executive's increased stake as positive indicators.
• Employees may be motivated by the company's achievement of performance targets.

Key Dates