| Proposal 1 — Election of members of the Board. | | | The plurality of the votes cast. This means that the seven nominees receiving the highest number of affirmative “FOR” votes will be elected as directors. | |
| Proposal 2 — Approval on an advisory basis of our named executive officers’ compensation. | | | The affirmative “FOR” vote of the holders of a majority of the shares represented at the meeting, online or by proxy, and entitled to vote. | |
| Proposal 3 — Approval of the 2020 LTIP | | | The affirmative “FOR” vote of the holders of a majority of the shares represented at the meeting, online or by proxy, and entitled to vote. | |
| Proposal 4 — Ratification of appointment of independent registered public accounting firm. | | | The affirmative “FOR” vote of the holders of a majority of the shares represented at the meeting, online or by proxy, and entitled to vote. | |
Name
|
| |
Age
|
| |
Position with ProPetro Holding Corp.
|
| |
Director
Since |
|
Phillip A. Gobe(1) | | |
67
|
| | Chief Executive Officer and Chairman of the Board | | |
2019
|
|
Spencer D. Armour III(2) | | |
66
|
| | Director | | |
2013
|
|
Mark S. Berg | | |
62
|
| | Director | | |
2019
|
|
Anthony J. Best(3)(4)(5)(6)
|
| |
70
|
| | Lead Independent Director | | |
2018
|
|
Michele V. Choka(4)(7)(8)
|
| |
60
|
| | Director | | |
2020
|
|
Alan E. Douglas(3)(7) | | |
61
|
| | Director | | |
2017
|
|
Jack B. Moore(3)(4)(7)(9)
|
| |
66
|
| | Director | | |
2017
|
|
Name
|
| |
Fees Earned
or Paid in Cash ($)(1) |
| |
Stock Awards
($)(2) |
| |
Total
($) |
| |||||||||
Spencer D. Armour III
|
| | | | 73,831 | | | | | | 139,992 | | | | | | 213,823 | | |
Mark S. Berg(3)
|
| | | | — | | | | | | — | | | | | | — | | |
Anthony J. Best
|
| | | | 75,226 | | | | | | 139,992 | | | | | | 215,218 | | |
Pryor Blackwell
|
| | | | 75,989 | | | | | | 139,992 | | | | | | 215,981 | | |
Alan E. Douglas
|
| | | | 63,242 | | | | | | 139,992 | | | | | | 203,234 | | |
Jack B. Moore
|
| | | | 73,242 | | | | | | 139,992 | | | | | | 213,234 | | |
Steven Beal
|
| | | | 38,052 | | | | | | 139,992 | | | | | | 178,044 | | |
Royce W. Mitchell
|
| | | | 27,044 | | | | | | 139,992 | | | | | | 167,036 | | |
Name
|
| |
Aggregate
Number of Stock Awards (#) |
| |
Aggregate Number
of Stock Option Awards (#) |
| ||||||
Spencer D. Armour III
|
| | | | 7,878 | | | | | | 592,774 | | |
Mark S. Berg
|
| | | | — | | | | | | — | | |
Anthony J. Best
|
| | | | 7,878 | | | | | | — | | |
Pryor Blackwell(a)
|
| | | | 7,878 | | | | | | — | | |
Alan E. Douglas
|
| | | | 7,878 | | | | | | — | | |
Jack B. Moore
|
| | | | 7,878 | | | | | | — | | |
Steven Beal(a)
|
| | | | — | | | | | | — | | |
Royce W. Mitchell(a)
|
| | | | — | | | | | | — | | |
| | |
Year Ended December 31,
|
| |||||||||
| | |
2019
|
| |
2018
|
| ||||||
Audit Fees(1)
|
| | | $ | 2,842,660 | | | | | $ | 1,481,585 | | |
Audit-Related Fees(2)
|
| | | | 2,960,884 | | | | | | — | | |
All Other Fees(3)
|
| | | | 204,621 | | | | | | 49,359 | | |
Total Fees
|
| | | $ | 6,008,165 | | | | | $ | 1,530,944 | | |
|
Phillip A. Gobe(1)
|
| | Chief Executive Officer | |
|
Dale Redman(2)
|
| | Former Chief Executive Officer | |
|
Darin G. Holderness(3)
|
| | Chief Financial Officer | |
|
Jeffrey D. Smith(4)
|
| | Former Chief Administrative Officer | |
|
David Sledge
|
| | Chief Operating Officer | |
|
Newton W. “Trey” Wilson III(5)
|
| | General Counsel and Corporate Secretary | |
|
Mark Howell(6)
|
| |
Former General Counsel and Corporate Secretary
|
|
|
Ian Denholm(7)
|
| | Former Chief Accounting Officer | |
| Basic Energy Services, Inc. | | | C&J Energy Services, Inc.(1) | | | Calfrac Well Services Ltd. | | | Superior Energy Services, Inc. | |
| Keane Group, Inc.(1) | | | FTS International Inc. | | | Patterson-UTI Energy Inc. | | | Helmerich & Payne, Inc. | |
| Trican Well Service Ltd. | | | Liberty Oilfield Services, Inc. | | | Tetra Technologies, Inc. | | | Newpark Resources, Inc. | |
| RPC, Inc. | | | Oceaneering International Inc. | | | Secure Energy Services, Inc. | | |
Mammoth Energy Services, Inc.
|
|
| | |
2018
Base Salary |
| |
April 2019
Base Salary |
| |
December 2019
Base Salary |
| |||||||||
Phillip A. Gobe
|
| | | | N/A | | | | | | N/A | | | | | $ | 450,000 | | |
Dale Redman
|
| | | $ | 700,000 | | | | | $ | 700,000 | | | | | $ | 700,000 | | |
Darin G. Holderness
|
| | | | N/A | | | | | | N/A | | | | | $ | 500,000 | | |
Jeffrey D. Smith
|
| | | $ | 500,000 | | | | | $ | 500,000 | | | | | $ | 425,000 | | |
David Sledge
|
| | | $ | 425,000 | | | | | $ | 425,000 | | | | | $ | 425,000 | | |
Newton W. “Trey” Wilson III
|
| | | | N/A | | | | | | N/A | | | | | $ | 400,000 | | |
Mark Howell
|
| | | $ | 300,000 | | | | | $ | 325,000 | | | | | | N/A | | |
Ian Denholm
|
| | | $ | 225,000 | | | | | $ | 240,000 | | | | | | N/A | | |
Performance Level
|
| |
Payout
(as a % of Target Bonus) |
| |||
Threshold
|
| | | | 50% | | |
Target
|
| | | | 100% | | |
Maximum
|
| | | | 200% | | |
Measure
|
| |
Weighting
|
| |
Threshold
|
| |
Target
|
| |
Maximum
|
| |
Actual 2019
Performance |
| |
Payout as a
Percentage of Target Bonus(1) |
| |||||||||||||||
Quantitative Measures | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adjusted EBITDA per Share(2)
|
| | | | 40% | | | | | $ | 3.83 | | | | | $ | 4.70 | | | | | $ | 5.26 | | | | | | 5.01 | | | |
59%
|
|
Year End Net Debt to Adjusted EBITDA Ratio(3)
|
| | | | 20% | | | | | | 0.5 | | | | | | 0.25 | | | | | | 0.125 | | | | | | — | | | |
40%
|
|
Safety-Total Recordable Incident Rate (TRIR)
|
| | | | 20% | | | | | | 1.2 | | | | | | 1.0 | | | | | | 0.8 | | | | | | 0.83 | | | |
37%
|
|
Quantitative Total
|
| | | | 80% | | | | | | | | | | | | | | | | | | | | | | | | | | | |
136%
|
|
Qualitative Measure | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Individual and Operational
Performance |
| | | | 20% | | | | | | | | | | | | | | | | | | | | | | | | (4) | | | |
0 - 40% (4)
|
|
Overall Total
|
| | | | 100% | | | | | | | | | | | | | | | | | | | | | | | | (4) | | | |
(4)
|
|
Company’s Percentile Rank in Peer Group
|
| |
Payout
(as a % of Target Number of PSUs Granted) |
| |||
Below 25th Percentile
|
| | | | 0% | | |
25th Percentile
|
| | | | 50% | | |
50th Percentile
|
| | | | 100% | | |
75th Percentile
|
| | | | 175% | | |
90th Percentile and Above
|
| | | | 200% | | |
| Basic Energy Services | | | C&J Energy Services, Inc.(1) | | | Calfrac Well Services | |
| FTS International, Inc. | | | Keane Group, Inc.(1) | | | Liberty Oilfield Services | |
| Patterson-UTI Energy, Inc. | | | U.S. Well Services | | | RPC Inc. | |
| STEP Energy Services | | | Superior Energy Services, Inc. | | | Trican Well Services | |
Name
|
| |
2019 Number of
RSUs |
| |
2019 Target
Number of PSUs |
| ||||||
Phillip A. Gobe(1)
|
| | | | 9,277 | | | | | | 9,277 | | |
Dale Redman
|
| | | | 88,235 | | | | | | 88,235 | | |
Darin G. Holderness
|
| | | | 14,552 | | | | | | 14,552 | | |
Jeffrey D. Smith
|
| | | | 29,412 | | | | | | 29,412 | | |
David Sledge
|
| | | | 26,471 | | | | | | 26,471 | | |
Newton W. “Trey” Wilson III
|
| | | | 14,552 | | | | | | 14,552 | | |
Mark Howell
|
| | | | 18,676 | | | | | | 18,676 | | |
Ian Denholm
|
| | | | 5,147 | | | | | | 5,147 | | |
| | |
December 31, 2019
Base Salary |
| |
March 2020
Base Salary |
| |
April 13, 2020
Base Salary |
| |||||||||
Phillip A. Gobe
|
| | | $ | 450,000 | | | | | $ | 800,000 | | | | | $ | 640,000 | | |
Dale Redman
|
| | | $ | 700,000 | | | | | $ | 700,000 | | | | | | N/A | | |
Darin G. Holderness
|
| | | $ | 500,000 | | | | | $ | 500,000 | | | | | $ | 425,000 | | |
Jeffrey D. Smith
|
| | | $ | 425,000 | | | | | $ | 425,000 | | | | | $ | 382,500 | | |
David Sledge
|
| | | $ | 425,000 | | | | | $ | 425,000 | | | | | $ | 361,250 | | |
Newton W. “Trey” Wilson III
|
| | | $ | 400,000 | | | | | $ | 400,000 | | | | | $ | 340,000 | | |
Mark Howell
|
| | | | N/A | | | | | | N/A | | | | | | N/A | | |
Ian Denholm
|
| | | | N/A | | | | | | N/A | | | | | | N/A | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus(1)
($) |
| |
Stock
Awards(2) ($) |
| |
Option
Awards(2) ($) |
| |
Non Equity
Incentive Plan Compensation(3) ($) |
| |
All Other
Compensation(4) ($) |
| |
Total
($) |
| ||||||||||||||||||||||||
Phillip A. Gobe(5)(6)
|
| | | | 2019 | | | | | | 142,078(8) | | | | | | 32,000 | | | | | | 422,370(9) | | | | | | — | | | | | | 118,000 | | | | | | — | | | | | | 714,448 | | |
Chief Executive Officer
|
| | | | | | | | | ||||||||||||||||||||||||||||||||||||||||
Dale Redman(6)
|
| | | | 2019 | | | | | | 700,000 | | | | | | — | | | | | | 4,975,572 | | | | | | — | | | | | | — | | | | | | 49,336 | | | | | | 5,724,908 | | |
Former Chief Executive Officer
|
| | | | 2018 | | | | | | 684,615 | | | | | | — | | | | | | 3,360,534 | | | | | | — | | | | | | 1,400,000 | | | | | | 304,863 | | | | | | 5,750,012 | | |
| | | | | 2017 | | | | | | 465,385 | | | | | | 905,000 | | | | | | 1,740,194 | | | | | | 5,116,436 | | | | | | — | | | | | | 153,370 | | | | | | 8,380,385 | | |
Darin G. Holderness(5)
|
| | | | 2019 | | | | | | 159,035(10) | | | | | | 35,000 | | | | | | 286,093 | | | | | | — | | | | | | 165,000 | | | | | | 20,725 | | | | | | 665,853 | | |
Chief Financial Officer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Jeffrey D. Smith(5)(6)
|
| | | | 2019 | | | | | | 483,558 | | | | | | — | | | | | | 1,658,543 | | | | | | — | | | | | | — | | | | | | 10,800 | | | | | | 2,152,901 | | |
Former Chief Administrative
|
| | | | 2018 | | | | | | 500,000 | | | | | | — | | | | | | 1,344,232 | | | | | | — | | | | | | 750,000 | | | | | | 22,732 | | | | | | 2,616,964 | | |
Officer
|
| | | | 2017 | | | | | | 384,615 | | | | | | 575,000 | | | | | | 652,592 | | | | | | 3,325,090 | | | | | | | | | | | | 20,101 | | | | | | 4,957,398 | | |
David Sledge
|
| | | | 2019 | | | | | | 425,000 | | | | | | — | | | | | | 1,492,699 | | | | | | — | | | | | | 590,000 | | | | | | 10,800 | | | | | | 2,518,499 | | |
Chief Operating Officer
|
| | | | 2018 | | | | | | 425,000 | | | | | | — | | | | | | 1,209,818 | | | | | | — | | | | | | 850,000 | | | | | | 17,887 | | | | | | 2,502,705 | | |
| | | | | 2017 | | | | | | 344,231 | | | | | | 935,000 | | | | | | 652,592 | | | | | | 2,573,526 | | | | | | — | | | | | | 10,800 | | | | | | 4,516,149 | | |
Newton W. “Trey” Wilson III(7)
|
| | | | 2019 | | | | | | 96,923 | | | | | | — | | | | | | 286,093 | | | | | | — | | | | | | 120,000 | | | | | | — | | | | | | 503,016 | | |
General Counsel and Corporate Secretary
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Mark Howell(7)
|
| | | | 2019 | | | | | | 245,055 | | | | | | — | | | | | | 1,053,139 | | | | | | — | | | | | | — | | | | | | 896,594 | | | | | | 2,194,788 | | |
Former General Counsel and
|
| | | | 2018 | | | | | | 284,616 | | | | | | — | | | | | | 806,530 | | | | | | — | | | | | | 400,000 | | | | | | 1,200 | | | | | | 1,492,346 | | |
Corporate Secretary
|
| | | | 2017 | | | | | | 197,116 | | | | | | 175,000 | | | | | | 435,069 | | | | | | 72,863 | | | | | | — | | | | | | 28,626 | | | | | | 908,674 | | |
Ian Denholm(5)
|
| | | | 2019 | | | | | | 228,050 | | | | | | 135,254 | | | | | | 301,733 | | | | | | — | | | | | | — | | | | | | 29,528 | | | | | | 694,565 | | |
Former Chief Accounting Officer
|
| | | | 2018 | | | | | | 214,846 | | | | | | 135,254 | | | | | | 235,248 | | | | | | — | | | | | | 250,000 | | | | | | — | | | | | | 835,348 | | |
| | | | | 2017 | | | | | | 162,058 | | | | | | 307,527 | | | | | | 53,848 | | | | | | 72,863 | | | | | | — | | | | | | — | | | | | | 596,296 | | |
Name
|
| |
Vehicle
Allowance Program ($) |
| |
Contribution
to 401(k) Plan ($) |
| |
Company
Vehicle Use ($) |
| |
Club Dues/
Membership Fees ($) |
| |
Charitable
Donations ($) |
| |
Sporting
Event Tickets ($) |
| |
Housing
Allowance & Travel Benefits ($) |
| |
Severance
($) |
| |
Vacation
Payout ($) |
| |
COBRA
($) |
| |
Total
($) |
| |||||||||||||||||||||||||||||||||
Phillip A. Gobe
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dale Redman
|
| | | | 10,800 | | | | | | — | | | | | | — | | | | | | 1,743 | | | | | | 22,145 | | | | | | 14,648 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 49,336 | | |
Darin G.
Holderness |
| | | | — | | | | | | — | | | | | | 1,871 | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,854 | | | | | | — | | | | | | — | | | | | | — | | | | | | 20,725 | | |
David Sledge
|
| | | | 10,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,800 | | |
Jeffrey D. Smith
|
| | | | 10,800 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,800 | | |
Newton W. “Trey” Wilson III
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mark Howell
|
| | | | — | | | | | | 2,769 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 892,308 | | | | | | — | | | | | | 1,517 | | | | | | 896,594 | | |
Ian Denholm
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,846 | | | | | | 10,682 | | | | | | — | | | | | | 29,528 | | |
Name
|
| |
Grant
Date |
| |
Date of
Award Approval |
| |
Estimated Possible Payouts Under
Non Equity Incentive Plan Awards(1) |
| |
Estimated Future
Payouts Under Equity Incentive Plan Awards(2) |
| |
All Other
Stock Awards: Number of Shares of Stock |
| |
Grant Date Fair
Value of Stock and Option Awards |
| ||||||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| |
(#)(3)
|
| |
($)(4)
|
| ||||||||||||||||||||||||||||||||||||||
Phillip A. Gobe(5)
|
| | | | 7/11/2019 | | | | | | 7/10/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 12,182 | | | | | | 239,985 | | |
| | | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,277 | | | | | | 79,689 | | |
| | | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | | | | | | | | | | | | | | | | | | | 4,638 | | | | | | 9,277 | | | | | | 18,554 | | | | | | — | | | | | | 102,696 | | |
| | | | | | | | | | | | | | | | | 33,750 | | | | | | 67,500 | | | | | | 135,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dale Redman
|
| | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 88,235 | | | | | | 1,903,229 | | |
| | | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 44,117 | | | | | | 88,235 | | | | | | 176,470 | | | | | | — | | | | | | 3,072,343 | | |
| | | | | | | | | | | | | | | | | 385,000 | | | | | | 770,000 | | | | | | 1,540,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Darin G. Holderness
|
| | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,552 | | | | | | 125,002 | | |
| | | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,276 | | | | | | 14,552 | | | | | | 29,104 | | | | | | — | | | | | | 161,091 | | |
| | | | | | | | | | | | | | | | | 46,875 | | | | | | 93,750 | | | | | | 187,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jeffrey D. Smith
|
| | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,412 | | | | | | 634,417 | | |
| | | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,706 | | | | | | 29,412 | | | | | | 58,824 | | | | | | — | | | | | | 1,024,126 | | |
| | | | | | | | | | | | | | | | | 175,157 | | | | | | 350,313 | | | | | | 702,626 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
David Sledge
|
| | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 26,471 | | | | | | 570,979 | | |
| | | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 13,235 | | | | | | 26,471 | | | | | | 52,942 | | | | | | — | | | | | | 921,720 | | |
| | | | | | | | | | | | | | | | | 212,500 | | | | | | 425,000 | | | | | | 850,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Newton W. “Trey” Wilson III
|
| | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,552 | | | | | | 125,002 | | |
| | | | | 10/7/2019 | | | | | | 10/3/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 7,276 | | | | | | 14,552 | | | | | | 29,104 | | | | | | — | | | | | | 161,091 | | |
| | | | | | | | | | | | | | | | | 37,800 | | | | | | 75,600 | | | | | | 151,200 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mark Howell(6)
|
| | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,676 | | | | | | 402,841 | | |
| | | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 9,338 | | | | | | 18,676 | | | | | | 37,352 | | | | | | — | | | | | | 650,298 | | |
| | | | | | | | | | | | | | | | | 110,000 | | | | | | 220,000 | | | | | | 440,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Ian Denholm(7)
|
| | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 5,147 | | | | | | 111,021 | | |
| | | | | 3/18/2019 | | | | | | 2/25/2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,573 | | | | | | 5,147 | | | | | | 10,294 | | | | | | — | | | | | | 179,219 | | |
| | | | | | | | | | | | | | | | | 62,500 | | | | | | 125,000 | | | | | | 250,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||||||||||||||||||||||||||
|
Number of
Securities Underlying Unexercised Options Exercisable (#) |
| |
Number of
Securities Underlying Unexercised Options Unexercisable (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested(4) (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested(5) ($) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares That Have Not Vested(6) (#) |
| |
Equity
Incentive Plan Awards: Market Value of Unearned Shares That Have Not Vested(5) ($) |
| ||||||||||||||||||||||||||
Phillip A. Gobe
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 21,459 | | | | | | 241,414 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 18,554 | | | | | | 208,733 | | |
Dale Redman
|
| | | | 699,852(1) | | | | | | — | | | | | | 3.96 | | | | | | 6/14/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 501,540(2) | | | | | | — | | | | | | 2.25 | | | | | | 7/19/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 59,994(3) | | | | | | 59,994 | | | | | | 14.00 | | | | | | 3/16/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 160,596 | | | | | | 1,806,705 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 320,978 | | | | | | 3,611,003 | | |
Darin G.
Holderness |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,552 | | | | | | 163,710 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,104 | | | | | | 327,420 | | |
Jeffrey D. Smith
|
| | | | 699,852(1) | | | | | | — | | | | | | 3.96 | | | | | | 6/14/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 310,971(2) | | | | | | — | | | | | | 2.25 | | | | | | 7/19/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 59,994(3) | | | | | | 59,994 | | | | | | 14.00 | | | | | | 3/16/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 57,752 | | | | | | 649,710 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 116,628 | | | | | | 1,312,065 | | |
David Sledge
|
| | | | 586,755(1) | | | | | | — | | | | | | 3.96 | | | | | | 6/14/2023 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 231,019(2) | | | | | | — | | | | | | 2.25 | | | | | | 7/19/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 59,994(3) | | | | | | 59,994 | | | | | | 14.00 | | | | | | 3/16/2027 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 52,885 | | | | | | 594,956 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 104,966 | | | | | | 1,180,868 | | |
Newton W. “Trey” Wilson III
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 14,552 | | | | | | 163,710 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 29,104 | | | | | | 327,420 | | |
Mark Howell
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Ian Denholm
|
| | | | 13,869(3) | | | | | | — | | | | | | 14.00 | | | | | | 10/3/2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Number of
Unvested RSUs on 12/31/2019(b) |
| |
Remaining Vesting Dates
|
| |||
Phillip A. Gobe(a)
|
| | | | 12,182 | | | |
First to occur of (i) July 11, 2020, (ii) the day prior to
our 2020 annual meeting of stockholders or (iii) the date of a Change in Control |
|
| | | | | 9,277 | | | | October 7, 2020, October 7, 2021 and October 7, 2022 | |
Dale Redman
|
| | | | 24,191 | | | | June 5, 2020 | |
| | | | | 48,170 | | | | April 18, 2020 and April 18, 2021 | |
| | | | | 88,235 | | | | March 18, 2020, March 18, 2021 and March 18, 2022 | |
Darin G. Holderness
|
| | | | 14,552 | | | | October 7, 2020, October 7, 2021 and October 7, 2022 | |
Jeffrey D. Smith
|
| | | | 9,072 | | | | June 5, 2020 | |
| | | | | 19,268 | | | | April 18, 2020 and April 18, 2021 | |
| | | | | 29,412 | | | | March 18, 2020, March 18, 2021 and March 18, 2022 | |
David Sledge
|
| | | | 9,072 | | | | June 5, 2020 | |
| | | | | 17,342 | | | | April 18, 2020 and April 18, 2021 | |
| | | | | 26,471 | | | | March 18, 2020, March 18, 2021 and March 18, 2022 | |
Newton W. “Trey” Wilson III
|
| | | | 14,552 | | | | October 7, 2020, October 7, 2021 and October 7, 2022 | |
Name(a)
|
| |
Maximum
Number of Unvested PSUs on 12/31/2019 |
| |
Applicable Performance
Period End Date |
| |||
Phillip A. Gobe
|
| | | | 18,554 | | | |
December 31, 2021
|
|
Dale Redman
|
| | | | 144,508 | | | |
December 31, 2020
|
|
| | | | | 176,470 | | | |
December 31, 2021
|
|
Darin G. Holderness
|
| | | | 29,104 | | | |
December 31, 2021
|
|
Jeffrey D. Smith
|
| | | | 57,804 | | | |
December 31, 2020
|
|
| | | | | 58,824 | | | |
December 31, 2021
|
|
David Sledge
|
| | | | 52,024 | | | |
December 31, 2020
|
|
| | | | | 52,942 | | | |
December 31, 2021
|
|
Newton W. “Trey” Wilson III
|
| | | | 29,104 | | | |
December 31, 2021
|
|
Name
|
| |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
|
Number of
Shares Acquired on Exercise (#) |
| |
Value
Realized on Exercise ($) |
| |
Number of
Shares Acquired on Vesting(1) (#) |
| |
Value Realized
on Vesting(2) ($) |
| ||||||||||||||
Phillip A. Gobe
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Dale Redman
|
| | | | — | | | | | | — | | | | | | 120,842 | | | | | | 1,829,848 | | |
Darin G. Holderness
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Jeffrey D. Smith
|
| | | | — | | | | | | — | | | | | | 45,919 | | | | | | 700,494 | | |
David Sledge
|
| | | | — | | | | | | — | | | | | | 44,955 | | | | | | 677,628 | | |
Newton W. “Trey” Wilson III
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mark Howell
|
| | | | — | | | | | | — | | | | | | 11,828 | | | | | | 247,659 | | |
Ian Denholm
|
| | | | — | | | | | | — | | | | | | 9,449 | | | | | | 125,253 | | |
Name
|
| |
Termination without
Cause or Resignation for Good Reason(1) ($) |
| |
Termination as a
Result of Death, Disability or Retirement(2) ($) |
| |
Termination Without
Cause Within One Year Following a Change in Control(3) ($) |
| |
Resignation for Good
Reason Within One Year Following a Change in Control(3) ($) |
| ||||||||||||
Phillip A. Gobe | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Pro-Rata Bonus(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
RSU & PSU Acceleration(7)
|
| | | | — | | | | | | 171,833 | | | | | | 345,780 | | | | | | 137,048 | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | — | | | | | | 171,833 | | | | | | 345,780 | | | | | | 137,048 | | |
Name
|
| |
Termination without
Cause or Resignation for Good Reason(1) ($) |
| |
Termination as a
Result of Death, Disability or Retirement(2) ($) |
| |
Termination Without
Cause Within One Year Following a Change in Control(3) ($) |
| |
Resignation for Good
Reason Within One Year Following a Change in Control(3) ($) |
| ||||||||||||
Dale Redman | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | 2,100,000 | | | | | | — | | | | | | 2,100,000 | | | | | | 2,100,000 | | |
Pro-Rata Bonus(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | 5,976 | | | | | | — | | | | | | 5,976 | | | | | | 5,976 | | |
RSU & PSU Acceleration(7)
|
| | | | — | | | | | | 1,687,961 | | | | | | 3,612,206 | | | | | | — | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Total | | | | | 2,105,976 | | | | | | 1,687,961 | | | | | | 5,718,182 | | | | | | 2,105,976 | | |
Darin G. Holderness | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Pro-Rata Bonus(5)
|
| | | | 200,000 | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
RSU & PSU Acceleration(7)
|
| | | | 66,814 | | | | | | 54,563 | | | | | | 327,420 | | | | | | — | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 266,814 | | | | | | 54,563 | | | | | | 327,420 | | | | | | — | | |
Jeffrey D. Smith | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | 1,175,000 | | | | | | — | | | | | | 1,175,000 | | | | | | 1,175,000 | | |
Pro-Rata Bonus(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | 5,976 | | | | | | — | | | | | | 5,976 | | | | | | 5,976 | | |
RSU & PSU Acceleration(7)
|
| | | | — | | | | | | 645,941 | | | | | | 1,305,743 | | | | | | — | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 1,180,976 | | | | | | 645,941 | | | | | | 2,486,719 | | | | | | 1,180,976 | | |
David Sledge | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | 1,275,000 | | | | | | — | | | | | | 1,275,000 | | | | | | 1,275,000 | | |
Pro-Rata Bonus(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | 5,980 | | | | | | — | | | | | | 5,980 | | | | | | 5,980 | | |
RSU & PSU Acceleration(7)
|
| | | | — | | | | | | 591,503 | | | | | | 1,185,390 | | | | | | — | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 1,280,980 | | | | | | 591,503 | | | | | | 2,466,370 | | | | | | 1,280,980 | | |
Newton W. “Trey” Wilson | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance(4)
|
| | | | 700,000 | | | | | | — | | | | | | 1,050,000 | | | | | | 1,050,000 | | |
Pro-Rata Bonus(5)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
COBRA Subsidy(6)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
RSU & PSU Acceleration(7)
|
| | | | — | | | | | | 54,563 | | | | | | 327,420 | | | | | | — | | |
Stock Option Acceleration(7)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total | | | | | 700,000 | | | | | | 54,563 | | | | | | 1,377,420 | | | | | | 1,050,000 | | |
Type of Benefits
|
| |
Severance Payments($)
|
| |||
Cash Severance
|
| | | | 1,450,000 | | |
COBRA Subsidy(1)
|
| | | | 6,070 | | |
Total | | | | | 1,456,070 | | |
Type of Benefits
|
| |
Severance Payments ($)
|
| |||
Vacation Payout
|
| | | | 10,682 | | |
Cash Severance
|
| | | | 490,000 | | |
COBRA Subsidy(1)
|
| | | | 6,064 | | |
Stock Option Acceleration(2)
|
| | | | — | | |
RSU Acceleration(2)
|
| | | | 20,305 | | |
PSU Acceleration(2)
|
| | | | 40,186 | | |
Total
|
| | | | 567,237 | | |
Type of Benefits
|
| |
Severance Payments ($)
|
| |||
Vacation Payout
|
| | | | 38,217 | | |
Stock Option Extension(1)
|
| | | | 679,239 | | |
“Cashless Exercise” of Stock Options
|
| | | | — | | |
COBRA Subsidy(2)
|
| | | | 8,965 | | |
Total
|
| | | | 726,421 | | |
| | |
Shares Beneficially Owned
|
| |||||||||
Name of Beneficial Owner(1)
|
| |
Number
|
| |
Percentage
|
| ||||||
5% Stockholders | | | | | | | | | | | | | |
Pioneer Natural Resources Company(2)
|
| | | | 16,600,000 | | | | | | 16.5% | | |
BlackRock, Inc.(3)
|
| | | | 13,105,996 | | | | | | 13.0% | | |
THRC Holdings, L.P(4)
|
| | | | 10,000,000 | | | | | | 9.9% | | |
The Vanguard Group(5)
|
| | | | 8,874,987 | | | | | | 8.8% | | |
Directors and Named Executive Officers(6) | | | | | | | | | | | | | |
Phillip A. Gobe
|
| | | | 12,307 | | | | | | * | | |
Darin G. Holderness
|
| | | | 4,850 | | | | | | * | | |
David Sledge
|
| | | | 966,078 | | | | | | 1.0% | | |
Newton W. “Trey” Wilson III
|
| | | | 4,850 | | | | | | * | | |
Dale Redman(7)
|
| | | | 1,741,280 | | | | | | 1.7% | | |
Jeffrey D. Smith(8)
|
| | | | 1,193,500 | | | | | | 1.2% | | |
Mark Howell(9)
|
| | | | 8,634 | | | | | | * | | |
Ian Denholm(10)
|
| | | | 21,255 | | | | | | * | | |
Spencer D. Armour III
|
| | | | 614,953 | | | | | | * | | |
Mark S. Berg
|
| | | | 12,274 | | | | | | * | | |
Anthony J. Best
|
| | | | 16,027 | | | | | | * | | |
Michele V. Choka
|
| | | | — | | | | | | * | | |
Alan E. Douglas
|
| | | | 22,179 | | | | | | * | | |
Jack B. Moore
|
| | | | 22,179 | | | | | | * | | |
All Directors and Executive Officers as a group (14 persons)
|
| | | | 4,640,366 | | | | | | 4.6% | | |
Name
|
| |
Age
|
| |
Position with ProPetro Holding Corp.
|
| |
Executive
Officer Since |
| ||||||
Phillip A. Gobe(1) | | | | | 67 | | | |
Chief Executive Officer and Chairman of the Board
|
| | | | 2019 | | |
Darin G. Holderness | | | | | 56 | | | | Chief Financial Officer | | | | | 2019 | | |
David Sledge | | | | | 63 | | | | Chief Operating Officer | | | | | 2011 | | |
Newton W. “Trey” Wilson III | | | | | 69 | | | | General Counsel and Corporate Secretary | | | | | 2019 | | |
Elo Omavuezi | | | | | 38 | | | | Chief Accounting Officer | | | | | 2019 | | |
Samuel D. Sledge(2) | | | | | 33 | | | | Chief Strategy and Administrative Officer | | | | | 2020 | | |
Adam Muñoz(2) | | | | | 38 | | | | Senior Vice President of Operations | | | | | 2020 | | |
Plan Category
|
| |
Number of securities to be
issued upon exercise of outstanding options, warrants and rights(1) |
| |
Weighted average
exercise price of outstanding options, warrants and rights |
| |
Number of securities remaining
available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
| |||||||||
| | |
(a)
|
| |
(b)
|
| |
(c)
|
| |||||||||
Equity compensation plans approved by security holders
|
| | | | 5,435,926 | | | | | $ | 5.03 | | | | | | 3,227,592 | | |
Equity compensation plans not approved by security holders
|
| | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | 5,435,926 | | | | | $ | 5.03 | | | | | | 3,227,592 | | |