Lawrence G Larry 4
Research Summary
AI-generated summary
ProPetro (PUMP) Director Lawrence G. Larry Receives 9,101 RSU Award
What Happened
Lawrence G. Larry, a director of ProPetro Holding Corp. (PUMP), was granted 9,101 restricted stock units (RSUs) on 2026-05-20. The filing lists the acquisition price as $0.00 (transaction code A — award/grant), so no cash was exchanged at grant. The RSUs are derivatives that will convert into either one share of common stock per RSU or a cash amount equal to the fair market value of a share at vesting.
Key Details
- Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely).
- Type: Grant / Award (Code A); derivative instrument = RSUs.
- Quantity: 9,101 RSUs; reported price $0.00; no immediate dollar value reported.
- Vesting: RSUs vest in full upon the earlier of the day immediately preceding the Issuer’s 2027 annual meeting and May 20, 2027 (per footnote).
- Shares owned after transaction: Not disclosed in this filing.
- Filing timeliness: Reported the next day — not marked late.
Context
RSUs are a form of compensation and represent a contingent right to future stock or cash based on the company's share price at vesting; they are not an immediate purchase or sale of shares. Such grants are common for directors and do not by themselves indicate insider buying/selling sentiment.