Form 4: ProPetro Holding Corp. Officer Celina A. Davila Reports Stock Transactions
SEC Form 4 Filing
Celina A. Davila, Chief Accounting Officer of ProPetro Holding Corp., reports the vesting and settlement of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2025, Celina A. Davila, the Chief Accounting Officer of ProPetro Holding Corp., reported transactions involving the company's common stock.
- 5,031 shares were acquired upon the vesting and settlement of restricted stock units (RSUs).
- 1,492 shares were disposed of to satisfy tax obligations related to the vesting of these RSUs at a price of $8.44 per share.
- Following these transactions, Davila directly owns 19,771 shares of ProPetro Holding Corp. common stock and 17,387 restricted stock units.
- The RSUs represent a contingent right to receive either one share of common stock or an equivalent amount of cash.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Reporting person was granted 15,094 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 02/28/2025 | Date of stock transactions: vesting of RSUs and tax withholding. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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