other_material
confidence high
sentiment neutral
materiality 0.40
ProPetro shareholders approve amended LTIP, increasing share reserve by 2.47M
ProPetro Holding Corp.
- Stockholders approved Second Amended & Restated 2020 LTIP at May 20 annual meeting.
- Plan share pool increased by 2,470,000 to 10,520,000 shares available for issuance.
- All nine director nominees elected; advisory say-on-pay and annual frequency approved.
- Plan term extended to May 2030; updated treatment of performance awards upon change in control.
item 5.02item 5.07item 9.01