Form 4: ProPetro Holding Corp. Executive Shelby Kyle Fietz Reports Stock Transactions
SEC Form 4 Filing
Shelby Kyle Fietz, Chief Commercial Officer of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and associated tax withholding.
Summary
- On February 16, 2025, Shelby Kyle Fietz, Chief Commercial Officer of ProPetro Holding Corp., reported transactions involving common stock.
- Fietz acquired 2,412 shares of common stock upon the vesting and settlement of restricted stock units (RSUs).
- 716 shares were withheld to satisfy taxes related to the vesting of these RSUs at a price of $8.81.
- Following these transactions, Fietz directly owns 99,098 shares of ProPetro Holding Corp.
- Fietz also holds 289,423 restricted stock units.
- The RSUs were granted on February 16, 2022, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader industry trend but rather individual executive compensation and stock ownership.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of grant for 7,234 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/16/2025 | Date of transaction: vesting and settlement of RSUs and tax withholding. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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