Rinaldi Matthew Daniel 4
Research Summary
AI-generated summary
ProFrac (ACDC) Director Matthew Rinaldi Receives RSU Award
What Happened
- Matthew Daniel Rinaldi, a director of ProFrac Holding Corp. (ACDC), received an award of 22,421 restricted stock units (RSUs) on May 27, 2026. The RSUs were granted at $0.00 per share and had 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 Rinaldi's continued service on the Board through the vesting date.
Key Details
- Transaction date and type: May 27, 2026 — Award/Grant (code A).
- Price per share: $0.00 (RSU grant); grant-date fair value: $150,000.
- Shares granted: 22,421 RSUs (each RSU represents the right to one share of Class A common stock).
- Shares owned after transaction: Not specified in the filing provided.
- Footnote: F1 describes the RSU grant, vesting on the first anniversary (May 27, 2027) subject to continued service.
- Filing date: May 29, 2026 — appears timely (filed within two business days of the transaction).
Context
- RSUs are a form of compensation that convert to actual shares only upon vesting; this grant does not represent an open-market purchase or sale and does not immediately change Rinaldi’s share count until settlement. The $150,000 figure is the grant-date fair value, not cash received; taxes and any withholding upon vesting are not detailed in the filing.