Form 4: ProPetro Holding Corp. Director Spencer D. Armour III Settles Restricted Stock Units
SEC Form 4 Filing
Director Spencer D. Armour III settled 17,939 restricted stock units for ProPetro Holding Corp. shares on April 23, 2025.
Summary
- On April 23, 2025, Spencer D. Armour III, a director of ProPetro Holding Corp., settled 17,939 restricted stock units (RSUs).
- The settlement resulted in the acquisition of 17,939 shares of common stock.
- Following the transaction, Armour directly owns 117,091 shares of ProPetro Holding Corp.
- The RSUs were granted on April 23, 2024, and vested on April 23, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a standard transaction related to executive compensation.
Positives
- The vesting and settlement of RSUs indicate that the director has met certain performance or time-based requirements.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it increases the number of shares outstanding by 17,939.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Grant date of 17,939 Restricted Stock Units (RSUs) |
| 04/23/2025 | Date of transaction: settlement of 17,939 RSUs for common stock. |
| 04/24/2025 | Date of signature for the Form 4 filing. |
Keywords
ProPetro Holding Corp., Director, Spencer D. Armour III, Restricted Stock Units, RSUs, Form 4, Beneficial Ownership, PUMP
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