Form 4: ProPetro Holding Corp. CFO Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
David Scott Schorlemer, CFO of ProPetro Holding Corp., reports acquisition and disposal of common stock related to the vesting and tax withholding of performance stock units (PSUs).
Summary
- On February 25, 2025, David Scott Schorlemer, the CFO of ProPetro Holding Corp., acquired 35,208 shares of common stock due to the vesting and settlement of previously awarded performance stock units (PSUs).
- On the same day, Schorlemer disposed of 8,574 shares of common stock at a price of $8.36 to cover taxes payable in connection with the PSU vesting.
- Following these transactions, Schorlemer beneficially owns 166,528 shares of ProPetro Holding Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant trend within the oilfield services industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CFO's holdings, but it's primarily related to compensation.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of stock acquisition and disposal related to PSU vesting and tax withholding. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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