Mitchell John J 4
Accession 0001680247-26-000007
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:23 PM ET
Size
6.3 KB
Accession
0001680247-26-000007
Research Summary
AI-generated summary of this filing
ProPetro (PUMP) GC John J. Mitchell Receives Award; Shares Withheld
What Happened
John J. Mitchell, General Counsel & Corporate Secretary of ProPetro Holding Corp. (PUMP), received 44,933 shares on 2026-01-19 upon vesting and settlement of previously awarded performance stock units (PSUs). Of those shares, 11,779 were withheld to satisfy tax withholding at a reported value of $10.29 per share, yielding $121,206. The award shares were reported at $0.00 acquisition price; net shares retained after withholding = 33,154.
Key Details
- Transaction date: 2026-01-19 (reported on Form 4 filed 2026-01-21) — appears timely.
- Award/acquisition: 44,933 shares acquired (code A) at $0.00 (vesting/settlement of PSUs).
- Tax withholding/disposition: 11,779 shares withheld (code F) at $10.29 = $121,206.
- Net shares retained from the settlement: 33,154 (44,933 − 11,779).
- Footnotes: F1 = shares delivered upon vesting/settlement of PSUs; F2 = shares withheld to satisfy taxes.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context
This was a PSU vesting/settlement and associated tax-withholding transaction — a routine, non-market sale used to cover taxes (often called cashless withholding). It does not reflect an open-market sale or a discretionary purchase by the insider and therefore should be interpreted as compensation settlement rather than a directional insider trade.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-19+44,933→ 94,732 total - Tax Payment
Common Stock
[F2]2026-01-19$10.29/sh−11,779$121,206→ 82,953 total
Footnotes (2)
- [F1]Reflects shares of common stock of the Issuer ("Common Stock") delivered upon vesting and settlement of previously awarded performance stock units ("PSUs").
- [F2]Reflects shares of Common Stock withheld to satisfy taxes payable in connection with the vesting and settlement of previously awarded PSUs.
Signature
Documents
Issuer
ProPetro Holding Corp.
CIK 0001680247
Related Parties
1- filerCIK 0001959737
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:23 PM ET
- Size
- 6.3 KB