HADDOCK GERALD W 4
Research Summary
AI-generated summary
ProFrac (ACDC) Director Gerald W. Haddock Receives RSU Award
What Happened
Gerald W. Haddock, a director of ProFrac Holding Corp. (ticker: ACDC), received an award of 22,421 restricted stock units (RSUs) on May 27, 2026. The RSUs were granted at $0.00 per share and have a total grant-date fair value of $150,000 as approved by the Compensation Committee. The units vest in full on May 27, 2027, subject to Haddock’s continued service on the Board through the vesting date. This is a compensation award (neutral signal), not an open‑market purchase or sale.
Key Details
- Transaction date and price: 2026-05-27; 22,421 RSUs granted at $0.00 per share.
- Grant value: $150,000 (grant-date fair value).
- Vesting: 100% on May 27, 2027, contingent on continued board service.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: RSUs each represent the contingent right to one share of Class A common stock (see F1).
- Filing timeliness: Form 4 filed May 29, 2026 for a May 27 transaction — appears to be filed within the usual reporting window.
Context
RSUs are a form of equity compensation that convert into shares (or cash equivalent) upon vesting; they do not increase the insider’s voting power or share count until settled. Awards to directors are common as part of routine board compensation and do not necessarily indicate immediate market sentiment. For retail investors, outright purchases (insider buys) typically carry more directional signal than time‑based awards.