Gusek Ron 4

What Happened

• Ron Gusek, President, CEO and Director of Liberty Energy (LBRT), was issued 102,914 shares on April 1, 2026 upon vesting of performance restricted stock units (RSUs). The filing reports the award as an acquisition at $0.00 (code A).
• Concurrently, 45,025 shares were withheld to satisfy tax withholding obligations (code F) at a per-share value of $27.92, for a total withholding value of $1,257,098. This withholding is reported as a disposition (not an open-market sale).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (timely).
• Award: 102,914 shares issued upon achievement of performance criteria tied to PRSUs granted Jan 24, 2023 (footnote F1).
• Tax withholding: 45,025 shares withheld at $27.92/share, totaling $1,257,098; withholdings relate to vested PRSUs and RSUs granted Jan 24, 2023, Jan 22, 2024, and Jan 22, 2025 (footnote F2).
• Shares owned after the transactions: not specified in the details provided in this summary.
• Transaction codes: A = Award/Grant; F = Tax withholding (shares surrendered to cover tax liabilities).

Context

• These transactions reflect the vesting of performance-based and time-based RSUs, a common executive compensation event. The withholding of shares to cover taxes is routine and is treated as a disposition on the Form 4 but is distinct from an open-market sale.
• The award being reported at $0.00 indicates issuance on vesting rather than a purchase; the taxable value is reflected by the share price used for withholding.