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 and associated tax withholding.
Summary
- On February 28, 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 41,928 restricted stock units (RSUs).
- Munoz also had 15,493 shares of common stock withheld to cover taxes related to the RSU vesting at a price of $8.44 per share.
- Following these transactions, Munoz directly owns 163,376 shares of ProPetro Holding Corp. common stock and 112,919 restricted stock units.
- The RSUs were granted on February 28, 2024, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs will continue to vest in annual installments.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs impacts the executive's ownership stake in the company.
- Tax withholding affects the company's cash flow.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date the reporting person was granted 125,786 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/28/2025 | Date of the reported transactions: vesting and settlement of RSUs and tax withholding. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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