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 related tax withholding.
Summary
- On May 31, 2024, Shelby Kyle Fietz, Chief Commercial Officer of ProPetro Holding Corp., reported transactions involving the company's common stock.
- These transactions included the vesting and settlement of 10,256 restricted stock units (RSUs), resulting in the delivery of an equivalent number of common stock shares.
- Fietz also had 2,498 shares withheld to cover taxes associated with the RSU vesting at a price of $9.58 per share.
- Following these transactions, Fietz directly owns 31,606 shares of ProPetro Holding Corp. common stock and 399,757 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
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 transaction has a minor impact on shareholders as it involves the issuance of shares related to existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/01/2023 | Reporting person was granted 30,769 RSUs, vesting in two installments of one-third on the first anniversary of May 31, 2023, and two-thirds on the second anniversary of May 31, 2023. |
| 05/31/2024 | Date of transaction: vesting and settlement of restricted stock units and tax withholding. |
| 06/03/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.