Form 4: ProPetro Holding Corp. CFO David Scott Schorlemer Reports Stock Transactions
SEC Form 4 Filing
David Scott Schorlemer, CFO of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On February 1, 2025, David Scott Schorlemer, the Chief Financial Officer of ProPetro Holding Corp., reported transactions involving the company's common stock.
- He acquired 20,512 shares of common stock upon the vesting and settlement of restricted stock units (RSUs).
- Simultaneously, 5,772 shares were withheld to satisfy tax obligations at a price of $8.88 per share.
- Following these transactions, Schorlemer directly owns 127,732 shares of common stock.
- He also holds 137,219 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions, with no inherent positive or negative sentiment.
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 transaction has a minor impact on shareholders as it reflects the vesting of previously awarded compensation.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Reporting person was granted 61,538 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/01/2025 | Date of transaction: vesting and settlement of RSUs and tax withholding. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
ProPetro Holding Corp., David Scott Schorlemer, CFO, Form 4, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Transaction
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