ProFrac (NASDAQ: ACDC) CFO logs equity award and tax-related share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ProFrac Holding Corp. Chief Financial Officer Harbour Austin reported compensation-related disposals of Class A Common Stock tied to vesting equity awards. On March 27, 2026, he disposed of 19,624 and 18,247 shares to the issuer in connection with vested restricted stock units and performance-based shares that were settled in cash. A further 12,191 shares were disposed of to cover withholding taxes upon vesting of these awards. After these transactions, Austin directly held 100,123 shares of ProFrac Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Harbour Austin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock, par value $0.01 | 19,624 | $6.63 | $130K |
| Disposition | Class A Common Stock, par value $0.01 | 18,247 | $6.63 | $121K |
| Tax Withholding | Class A Common Stock, par value $0.01 | 12,191 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.01 — 130,561 shares (Direct)
Footnotes (1)
- Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2025, which vested on March 27, 2026 and were settled with the reporting person in cash. The remaining shares granted on March 28, 2025 will vest equally on March 26, 2027 and March 28, 2028, subject to the reporting person's continued employment and good standing through the applicable vesting date. Reflects the partial disposal of performance-based shares of Company common stock, granted on March 9, 2026 under the 2025 performance-based award, which vested on March 27, 2026, and were settled with the reporting person in cash. The remaining shares granted on March 9, 2026 will vest equally on March 26, 2027 and March 28, 2028, subject to the reporting person's continued employment and good standing through the applicable vesting date. Represents aggregate disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 28, 2025 grant of restricted stock units, including performance-based restricted stock units, under the 2022 Long Term Incentive Plan. This disposal covers withholding taxes applicable for all shares which vested on March 27, 2026.
Key Figures
Issuer disposition 1: 19,624 shares
Issuer disposition 2: 18,247 shares
Tax-withholding shares: 12,191 shares
+1 more
4 metrics
Issuer disposition 1
19,624 shares
Disposition to issuer of Class A Common Stock on March 27, 2026
Issuer disposition 2
18,247 shares
Second disposition to issuer on March 27, 2026
Tax-withholding shares
12,191 shares
Shares disposed to satisfy withholding taxes on March 27, 2026
Post-transaction holdings
100,123 shares
Class A Common Stock directly held after transactions
Key Terms
restricted stock units, performance-based shares, withholding taxes, 2022 Long Term Incentive Plan, +1 more
5 terms
restricted stock units financial
"Reflects the partial disposal of restricted stock units granted to the reporting person on March 28, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"disposed shares, settled in cash, to satisfy withholding taxes applicable upon vesting of the March 28, 2025 grant"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
2022 Long Term Incentive Plan financial
"including performance-based restricted stock units, under the 2022 Long Term Incentive Plan"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did ProFrac (ACDC) disclose for its CFO?
ProFrac disclosed that CFO Harbour Austin disposed of shares tied to equity awards vesting on March 27, 2026. The transactions were issuer dispositions and tax-withholding related to restricted stock units and performance-based shares granted under long-term incentive arrangements.
What equity awards for ProFrac (ACDC) CFO vested on March 27, 2026?
Awards granted on March 28, 2025 and March 9, 2026 partially vested on March 27, 2026. These included restricted stock units and performance-based shares, which were settled in cash, with some shares disposed of to the issuer and for tax withholding.
Do ProFrac (ACDC) CFO’s equity awards continue vesting after 2026?
Yes. Remaining shares from the March 28, 2025 and March 9, 2026 grants are scheduled to vest equally on March 26, 2027 and March 28, 2028, subject to Harbour Austin’s continued employment and good standing through each vesting date.