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, resulting in the acquisition and disposal of common stock.
Summary
- On February 16, 2025, David Scott Schorlemer, the Chief Financial Officer of ProPetro Holding Corp., reported transactions involving the company's common stock.
- The transactions involved the vesting and settlement of previously awarded restricted stock units (RSUs).
- A total of 16,077 shares of common stock were acquired upon the vesting of RSUs.
- 3,915 shares were withheld to satisfy tax obligations related to the vesting of the RSUs at a price of $8.81.
- Following these transactions, Schorlemer directly owns 139,894 shares of ProPetro Holding Corp. common stock and 121,142 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
- The vesting of RSUs aligns executive interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Reporting person was granted 48,231 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/16/2025 | Date of transaction: vesting and settlement of restricted stock units. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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