Henry Michael S 4

What Happened Michael S. Henry, Principal Accounting Officer of ProFrac Holding Corp. (ACDC), was granted 31,615 stock-equivalent units on 2025-03-28. The units were reported as a derivative grant at $0.00 per unit (no cash paid). Each unit represents the right to receive a cash payment equal to the fair market value (FMV) of one share of Class A common stock upon vesting. The grant was reported via an amended Form 4/A filed 2026-05-08 to correct the award classification.

Key Details

• Transaction date and type: 2025-03-28 — Award/Grant of 31,615 stock-equivalent units (derivative, code A).
• Price: $0.00 reported at grant (units are cash-settled; value realized upon vesting based on FMV).
• Vesting: Three equal annual installments beginning March 2026, subject to continued service.
• Settlement: Cash payment equal to the FMV of one share per unit upon vesting; no exercise price or expiration date.
• Filing: Amended Form 4/A filed 2026-05-08 to correct classification from restricted stock units (RSUs) to stock-equivalent units; original Form 4 was filed April 1, 2025.
• Shares owned after transaction: Not specified in the provided filing.

Context Stock-equivalent units are a cash-settled form of long-term compensation — they do not deliver shares immediately and will only produce a cash payout if and when the units vest. Such grants are common executive compensation and are informational about compensation structures rather than direct open-market buying or selling by the insider.