Scrogham Steven 4
4 · ProFrac Holding Corp. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
ProFrac (ACDC) CLO Steven Scrogham Receives 150,000 RSUs
What Happened
Steven Scrogham, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of ProFrac Holding Corp. (ACDC), was granted 150,000 performance-based restricted stock units (RSUs) on April 7, 2026. The grant was recorded at $0.00 cash paid; these RSUs represent contingent rights to receive Class A shares if specified performance and service conditions are met. This is an award/grant (not a purchase or sale).
Key Details
- Transaction date: 2026-04-07; Filing date (Form 4): 2026-04-09 — filing appears timely.
- Transaction type/code: A (Award/Grant); reported acquisition price $0.00.
- Shares involved: 150,000 RSUs granted.
- Shares owned after transaction: Not reported in the provided filing.
- Footnote summary: RSUs are performance-based under the 2022 Long Term Incentive Plan. Vesting begins after April 7, 2027 and is tied to 30-day VWAP thresholds: 10% vest at $7.00, 25% at $10.00, 25% at $14.00, and 40% at $18.00. Continuous employment in good standing is required on each vesting date.
- No indication of 10b5-1 plan, tax-withholding sale, or immediate sale of shares.
Context
Performance RSUs are compensation awards that only convert into shares if both service and performance (stock-price) conditions are met; they do not represent immediately tradable stock or cash. Such grants can dilute existing shareholders if and when they vest and are settled, but the grant itself is routine executive compensation disclosure and does not by itself signal a buy or sell decision.
Insider Transaction Report
- Award
Class A common stock, par value $0.01 per share
[F1]2026-04-07+150,000→ 233,196 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.