Form 4: ProFrac Holding Corp. Executive Scrogham Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On July 17, 2024, Steven Scrogham, CLO, CCO & Corp. Sec. of ProFrac Holding Corp. (ACDC), reported a transaction on SEC Form 4.
- The transaction involved the withholding of 2,380 shares of Class A common stock at a price of $8.57 per share to satisfy withholding taxes.
- This was related to the vesting of restricted stock units granted on July 17, 2023.
- Following the transaction, Scrogham directly owns 52,848 shares of ProFrac Holding Corp.
- The transaction was executed pursuant to Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not contain any information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax-related withholding.
Key Dates
| Date | Description |
|---|---|
| 07/17/2023 | Date of grant of restricted stock units. |
| 07/17/2024 | Date of transaction: shares withheld for tax obligations upon vesting of restricted stock units. |
| 07/18/2024 | Date of signature on the Form 4 filing. |
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