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 tax withholding of restricted stock units.
Summary
- On August 31, 2024, Adam Munoz, President and COO of ProPetro Holding Corp., reported transactions involving the company's common stock.
- Munoz acquired 4,307 shares of common stock upon the vesting of restricted stock units (RSUs).
- 1,695 shares were withheld to satisfy tax obligations related to the vesting of these RSUs at a price of $7.94.
- Following these transactions, Munoz directly owns 60,746 shares of ProPetro Holding Corp.
- Munoz also holds 206,682 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 08/31/2021 | Reporting person was granted 12919 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 08/31/2024 | Date of stock transactions: vesting of RSUs and tax withholding. |
| 09/03/2024 | Date of Form 4 filing. |
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