Form 4: ProFrac Holding Corp. Executive Scrogham Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp., reports transactions involving Class A common stock and restricted stock units.
Summary
- On March 28, 2025, Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp., engaged in transactions involving the company's Class A common stock.
- He acquired 49,287 shares of Class A common stock through restricted stock units granted under the 2022 Long Term Incentive Plan.
- 5,419 shares were withheld to cover taxes upon vesting of restricted stock units granted on March 28, 2024.
- 11,462 restricted stock units granted on March 28, 2024, vested and were settled in cash.
- 5,368 performance-based shares granted on March 13, 2025, vested and were settled in cash.
- Following these transactions, Scrogham directly owns 101,174 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.
Future Outlook
Remaining 14,191 performance-based shares granted on March 13, 2025, will vest equally on March 28, 2026, and March 28, 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of original grant of restricted stock units, including performance-based restricted stock units, under the 2022 Long Term Incentive Plan. |
| 03/13/2025 | Date of grant of performance-based shares of Company common stock under the 2024 performance-based award. |
| 03/28/2025 | Date of transactions: acquisition of shares, tax withholding, disposal of restricted stock units, and partial disposal of performance-based shares. |
| 03/28/2026 | Date when remaining performance-based shares will vest equally. |
| 03/28/2027 | Date when remaining performance-based shares will vest equally. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, ProFrac Holding Corp, ACDC, Steven Scrogham, Restricted Stock Units, Class A Common Stock, Vesting, Settlement
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