Form 4: ProPetro Holding Corp.: Former Officer David Scott Schorlemer Reports Stock Transactions
SEC Form 4 Filing
David Scott Schorlemer, a former officer of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and related tax withholding.
Summary
- On February 28, 2025, David Scott Schorlemer, a former officer of ProPetro Holding Corp., reported transactions involving common stock and restricted stock units (RSUs).
- 33,542 shares of common stock were acquired upon the vesting and settlement of RSUs.
- 8,168 shares were withheld to satisfy taxes related to the vesting of these RSUs at a price of $8.44 per share.
- Following these transactions, Schorlemer directly owns 191,902 shares of ProPetro Holding Corp. common stock and 87,600 restricted stock units.
- The RSUs were granted on February 28, 2024, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a former officer. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Reporting person was granted 100,628 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/28/2025 | Date of transaction: vesting and settlement of restricted stock units and tax withholding. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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