Form 4: ProPetro Holding Corp. Executive Adam Munoz Reports Stock Transactions
SEC Form 4 Filing
Adam Munoz, President and COO of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units (RSUs) resulting in the acquisition and disposal of company stock.
Summary
- On February 1, 2025, Adam Munoz, President and COO of ProPetro Holding Corp., reported transactions involving the company's common stock.
- These transactions involved the vesting and settlement of previously awarded restricted stock units (RSUs).
- Mr. Munoz acquired 29,059 shares of common stock upon the vesting of RSUs.
- 7,826 shares were withheld to satisfy tax obligations related to the vesting of the RSUs at a price of $8.88.
- Following these transactions, Mr. Munoz directly owns 81,979 shares of ProPetro Holding Corp. common stock and 177,623 restricted stock units.
- The RSUs were granted on February 1, 2023, and vest in three equal annual installments.
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
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- Employees may view this as a standard part of the company's compensation structure.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Date the reporting person was granted 87,179 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/01/2025 | Date of the reported transactions: vesting and settlement of RSUs. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, ProPetro Holding Corp, PUMP, Adam Munoz, Restricted Stock Units, RSUs, Beneficial Ownership, Stock Transactions, Insider Trading
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