Corporate GovernanceMay 22, 2026, 04:13 PM
ProPetro Stockholders Approve Amended LTIP, Adding 3.54M Shares
AI Summary
ProPetro Holding Corp. announced that its stockholders approved the Third Amended and Restated 2020 Long Term Incentive Plan (A&R LTIP) at the Annual Meeting on May 19, 2026. This plan increases the number of shares available for issuance by 3,540,000, bringing the total to 14,060,000, and extends the plan's term. Additionally, stockholders elected eight director nominees, approved executive compensation on an advisory basis, and ratified the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Key Highlights
- Stockholders approved the Third Amended and Restated 2020 Long Term Incentive Plan (A&R LTIP).
- The A&R LTIP increases the number of shares available for issuance by 3,540,000.
- The total shares available for issuance under the plan are now 14,060,000.
- The plan's term is extended to the tenth anniversary of the Annual Meeting.
- Stockholders elected eight director nominees to serve until the 2027 Annual Meeting.
- Stockholders approved, on an advisory basis, the compensation of named executive officers.
- Stockholders ratified the appointment of RSM US LLP as the independent auditor for 2026.
Price Impact
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