Vion Michele 4
Research Summary
AI-generated summary
ProPetro (PUMP) Director Vion Michele Receives RSU Award
What Happened
- Vion Michele, a director of ProPetro Holding Corp. (PUMP), was granted 9,101 restricted stock units (RSUs) on 2026-05-20. The reported acquisition price is $0.00 per unit (transaction code A — award/grant). These are derivative awards representing contingent rights to receive common stock or cash.
Key Details
- Transaction date and price: 2026-05-20; 9,101 RSUs at $0.00 each (derivative award).
- Filing: Form 4 filed 2026-05-21 for the 2026-05-20 grant — appears timely (filed the day after the transaction).
- Shares owned after transaction: Not provided in the supplied filing excerpt.
- Notable footnote (F1): Each RSU may convert into one share of common stock or a cash payment equal to the fair market value of a share. The RSUs vest in full on the earlier of the day before the Issuer’s 2027 annual meeting of stockholders and May 20, 2027.
- No 10b5-1 plan, tax-withholding, sale, or immediate disposition was reported in this entry.
Context
- RSU grants are a form of compensation and do not represent an open-market purchase or sale; they do not on their own indicate whether the insider is personally increasing their exposure to the stock. The final economic value will depend on ProPetro’s share price at vesting or whether the company elects cash settlement.