Greenwood Matthew A 4
4 · ProFrac Holding Corp. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
ProFrac (ACDC) CCO Matthew Greenwood Receives 150,000 RSUs
What Happened
Matthew A. Greenwood, Chief Commercial Officer of ProFrac Holding Corp. (ACDC), was granted 150,000 restricted stock units (RSUs) on April 7, 2026. The award is reported at $0.00 per share (no cash paid at grant); these RSUs are performance-based and represent the contingent right to receive one share of Class A common stock if performance and service conditions are met.
Key Details
- Transaction date: 2026-04-07; reported on Form 4 filed 2026-04-09 (timely filing).
- Transaction type/code: A — Award/Grant. Grant reported as 150,000 RSUs at $0.00 (no immediate value realized).
- Shares owned after transaction: Not specified in the Form 4 provided.
- Vesting/conditions (footnote): RSUs vest only after April 7, 2027 and then only when VWAP thresholds are met: 10% at $7.00, 25% at $10.00, 25% at $14.00, 40% at $18.00 (based on the 30-day VWAP). The Reporting Person must remain continuously employed and in good standing to vest.
- No 10b5-1, tax-withholding, or sale reported in this filing.
Context
Performance-based RSUs are common retention/incentive awards; they do not require the insider to buy shares and do not immediately change their cash position. Because vesting depends on share-price targets and continued employment, these grants may align executive pay with long-term stock performance but are not the same signal as an open-market purchase.
Insider Transaction Report
- Award
Class A common stock, par value $0.01 per share
[F1]2026-04-07+150,000→ 267,305 total
Footnotes (1)
- [F1]Reflects performance-based restricted stock units ("RSUs") granted under the ProFrac Holding Corp. 2022 Long Term Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock, par value $0.01 per share if certain performance criteria are met. Following April 7, 2027, the RSUs will vest as to the following percentages when the following stock price targets have been achieved: 10% of the RSUs, when the average of the daily volume-weighted average price per share of the Company's Class A common stock over the most recent 30 trading days (the "VWAP Threshold") equals or exceeds $7.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $10.00, 25% of the RSUs, when the VWAP Threshold equals or exceeds $14.00, and 40% of the RSUs, when the VWAP Threshold equals or exceeds $18.00. The Reporting Person must also remain continuously employed by and in good standing with the Company or an affiliate on each applicable vesting date.