Form 4: ProPetro Holding Corp. Executive Shelby K. Fietz Reports Stock Transactions
SEC Form 4 Filing
Shelby K. Fietz, Chief Commercial Officer of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and related tax withholding.
Summary
- On February 1, 2025, Shelby K. Fietz, Chief Commercial Officer of ProPetro Holding Corp., reported transactions involving the company's common stock.
- Fietz acquired 3,538 shares of common stock upon the vesting and settlement of restricted stock units (RSUs).
- 1,050 shares were withheld to satisfy taxes related to the vesting of these RSUs at a price of $8.88.
- Following these transactions, Fietz directly owns 97,402 shares of ProPetro Holding Corp.
- Fietz also holds 291,835 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 report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices of the company.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Date the reporting person was granted 10,615 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. |
| 02/03/2025 | Date the restricted stock units are exercisable. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, ProPetro Holding Corp., PUMP, Shelby K. Fietz, Restricted Stock Units, RSUs, Beneficial Ownership, Insider Trading, Chief Commercial Officer, Stock Vesting
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