ProPetro Holding Corp.·4

Jan 21, 4:23 PM ET

Fietz Shelby Kyle 4

Research Summary

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ProPetro CCO Shelby Fietz Receives Award; 4,092 Shares Withheld

What Happened
Shelby Kyle Fietz, Chief Commercial Officer of ProPetro Holding Corp. (PUMP), received 13,799 shares of common stock on January 19, 2026 upon vesting and settlement of previously awarded performance stock units (PSUs). Simultaneously, 4,092 shares were withheld (disposed) to satisfy tax withholding obligations at a withholding price of $10.29 per share, generating proceeds of approximately $42,107. The award shares were received at $0.00 per share (vesting settlement), not as an open‑market purchase.

Key Details

  • Transaction date: January 19, 2026; Form 4 filed January 21, 2026 (appears timely within the standard two-business-day window).
  • Award: 13,799 shares acquired (code A) at $0.00 — reflects PSU vesting/settlement (Footnote F1).
  • Tax withholding: 4,092 shares disposed (code F) at $10.29 per share, total ~$42,107 (Footnote F2).
  • Shares owned after the transaction: not specified in the provided excerpt of the filing.
  • Notes: F1 = shares delivered upon PSU vesting/settlement. F2 = shares withheld to satisfy taxes (cashless withholding).

Context
This was a settlement of equity compensation (PSUs), not a market purchase or directional bet. The withholding of shares to cover taxes is a routine administrative disposition and does not necessarily indicate selling for investment reasons. Purchases by insiders are often viewed as stronger signals of confidence than receipt of vested awards.