4Filed Jul 22, 8:00 PM ET
Prairie Operating (PROP) Director Richard Frommer Receives 100,000 RSUs
$PROP · Prairie Operating Co.Research Summary
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Prairie Operating (PROP) Director Richard Frommer Receives 100,000 RSUs
What Happened Richard N. Frommer, a director of Prairie Operating Co. (PROP), received a grant of 100,000 restricted stock units (RSUs) on July 21, 2026. The RSUs were granted at $0.00 (no cash purchase); each RSU represents a contingent right to one share of Prairie common stock. The RSUs will vest in full on June 3, 2027.
Key Details
- Transaction date and type: 2026-07-21 — Award/Grant (code A) of 100,000 RSUs at $0.00.
- Report filed: Form 4 filed 2026-07-23 (appears timely within the SEC’s 2-business-day window).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: RSUs granted under the 2024 Amended & Restated Prairie Operating Co. Long-Term Incentive Plan; each RSU converts to one common share upon vesting. No immediate share issuance on grant.
Context RSUs are a form of long-term incentive: they give the recipient the right to receive shares when vesting conditions are met (here, full vesting on 2027-06-03). Grants are common for directors and senior staff and do not represent an open-market purchase or sale by the insider. Upon vesting the shares will typically be issued and may be subject to tax withholding.