GOBE PHILLIP A 4
Research Summary
AI-generated summary
ProPetro (PUMP) Director Phillip Gobe Receives 11,156 RSUs
What Happened
- Phillip A. Gobe, a director of ProPetro Holding Corp. (PUMP), received two awards of restricted stock units (RSUs) on 2026-05-20: 9,101 RSUs and 2,055 RSUs, for a total of 11,156 RSUs. Each line shows an acquisition at $0.00 per unit (award/grant), meaning no cash was paid at grant and these are derivative awards, not open-market purchases or sales.
Key Details
- Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (timely filing).
- Award amounts: 9,101 RSUs and 2,055 RSUs (total 11,156 RSUs); reported price per unit: $0.00 (grant).
- Reported monetary amount: $0 on the Form 4 lines (RSUs are awards; any eventual value depends on future stock price).
- Vesting: Per footnote, each RSU is a contingent right to one share (or cash equal to share fair market value) and will vest in full on the earlier of the day before the Issuer's 2027 annual meeting and May 20, 2027.
- Shares owned after the transaction: not specified in the filing.
Context
- This is an equity award (code A on Form 4) — common for director compensation — and does not reflect an immediate buy or sell. The RSUs convert to shares or cash only upon vesting, so no immediate change in market-held shares occurred.