Form 4: ProPetro Holding Corp. Executive John J. Mitchell Reports Stock Transactions
SEC Form 4 Filing
John J. Mitchell, General Counsel & Corp. Secretary of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On February 1, 2025, John J. Mitchell, General Counsel & Corp. Secretary of ProPetro Holding Corp., reported transactions involving the company's common stock.
- Mitchell acquired 11,521 shares of common stock upon the vesting and settlement of restricted stock units (RSUs).
- Simultaneously, 3,416 shares were withheld to satisfy tax obligations related to the RSU vesting at a price of $8.88.
- Following these transactions, Mitchell directly owns 26,000 shares of common stock and 76,065 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 neutral disclosure of stock transactions, neither positive nor negative in itself.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the execution of existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Date the reporting person was granted 34,564 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/01/2025 | Date of transaction: vesting and settlement of restricted stock units and tax withholding. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
ProPetro Holding Corp., John J. Mitchell, Form 4, Restricted Stock Units, Stock Vesting, Insider Trading, PUMP
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