PUMP.NYSEPropetro Holding CORP

Form 4: ProPetro Holding Corp. Executive Adam Munoz Reports Stock Transactions

Sentiment:

SEC Form 4

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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 16, 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 22,776 restricted stock units (RSUs).
  • Munoz also disposed of 5,546 shares of common stock to satisfy tax obligations related to the vesting of the RSUs at a price of $8.81 per share.
  • Following these transactions, Munoz directly owns 99,209 shares of ProPetro Holding Corp. common stock and 154,847 restricted stock units.
  • The RSUs were granted on February 16, 2022, 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.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

  • The vesting of RSUs dilutes existing shareholders to a minor extent.

Key Dates

DateDescription
02/16/2022Date the reporting person was granted 68,327 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
02/16/2025Date of the reported transactions: vesting of RSUs and tax withholding.
02/18/2025Date of the signature on the Form 4 filing.

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