Nieuwoudt Stacy Durbin 4
Research Summary
AI-generated summary
ProFrac (ACDC) Director Stacy Nieuwoudt Receives RSU Award
What Happened
Stacy Durbin Nieuwoudt, a director of ProFrac Holding Corp. (ACDC), received a grant of 22,421 restricted stock units (RSUs) on May 27, 2026. The RSUs were recorded at an acquisition price of $0.00 (award), with a total grant-date fair value of $150,000 as approved by the Compensation Committee. The RSUs vest in full on May 27, 2027, contingent on her continued service on the Board through that date.
Key Details
- Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (timely filing).
- Transaction type/code: Award / A. Reported acquisition price: $0.00; grant-date fair value: $150,000.
- Shares/units granted: 22,421 RSUs (each RSU represents the right to one share of Class A common stock upon vesting).
- Vesting: 100% on 2027-05-27, subject to continued board service.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Grant made under the ProFrac 2022 Long Term Incentive Plan (see F1). No tax-withholding or sale-on-vesting details reported.
Context
RSU grants are compensation awards, not open-market purchases or sales; they do not necessarily indicate immediate bullish trading by the insider since the shares are contingent on future service/vesting. The grant-date fair value gives an accounting measure of the award ($150,000) even though the reported acquisition price is $0.