Form 4: ProPetro Holding Corp. CEO Samuel D. Sledge Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Samuel D. Sledge, CEO of ProPetro Holding Corp., reports the acquisition and disposal of common stock related to the vesting and settlement of performance stock units.
Summary
- On February 25, 2025, Samuel D. Sledge, the CEO of ProPetro Holding Corp., reported changes in his beneficial ownership of the company's common stock.
- He acquired 73,351 shares of common stock upon the vesting and settlement of previously awarded performance stock units (PSUs) at a price of $0.
- Simultaneously, he disposed of 28,101 shares of common stock at $8.36 per share to satisfy taxes payable in connection with the PSU vesting.
- Following these transactions, Sledge directly owns 308,648 shares of ProPetro Holding Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Acquisition and disposal of ProPetro Holding Corp. common stock. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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