ProPetro Holding Management

Management criteria checks 2/4

ProPetro Holding's CEO is Sam Sledge, appointed in Aug 2021, has a tenure of 2.67 years. total yearly compensation is $5.79M, comprised of 13.8% salary and 86.2% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €1.49M. The average tenure of the management team and the board of directors is 2 years and 4.8 years respectively.

Key information

Sam Sledge

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage	13.8%
CEO tenure	2.7yrs
CEO ownership	0.2%
Management average tenure	2yrs
Board average tenure	4.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sam Sledge's remuneration changed compared to ProPetro Holding's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$6m	US$800k	US$86m
Sep 30 2023	n/a	n/a	US$116m
Jun 30 2023	n/a	n/a	US$91m
Mar 31 2023	n/a	n/a	US$19m
Dec 31 2022	US$5m	US$700k	US$2m
Sep 30 2022	n/a	n/a	-US$31m
Jun 30 2022	n/a	n/a	-US$46m
Mar 31 2022	n/a	n/a	-US$22m
Dec 31 2021	US$3m	US$456k	-US$54m

Compensation vs Market: Sam's total compensation ($USD5.79M) is above average for companies of similar size in the German market ($USD1.18M).

Compensation vs Earnings: Sam's compensation has been consistent with company performance over the past year.

CEO

Sam Sledge (36 yo)

2.7yrs

Tenure

US$5,787,960

Compensation

Mr. Samuel D. Sledge, also known as Sam, has been the Director and the Chief Executive Officer of ProPetro Holding Corp. since August 31, 2021. He had been the President at ProPetro Holding Corp. since Apr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Samuel Sledge	CEO & Director	2.7yrs	US$5.79m	0.17% $ 1.5m
Adam Munoz	President & COO	3.3yrs	US$3.23m	0.094% $ 813.2k
David Schorlemer	Chief Financial Officer	3.5yrs	US$2.48m	0.10% $ 876.1k
John Mitchell	General Counsel & Corporate Secretary	1.3yrs	US$1.54m	0.013% $ 115.6k
Shelby Fietz	Chief Commercial Officer	less than a year	US$7.68m	0.022% $ 192.6k
Celina Davila	Chief Accounting Officer	less than a year	no data	0.010% $ 90.9k
Matt Augustine	Senior Manager of Corporate Development & Investor Relations	no data	no data	no data

2.0yrs

Average Tenure

40.5yo

Average Age

Experienced Management: 2PG's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Samuel Sledge	CEO & Director	2.7yrs	US$5.79m	0.17% $ 1.5m
Mark Berg	Director	5.2yrs	no data	0.011% $ 99.1k
Mary Ricciardello	Independent Director	1.3yrs	US$225.70k	0.0034% $ 29.3k
Spencer Armour	Independent Director	11.2yrs	US$230.00k	0.073% $ 630.2k
Phillip Gobe	Non-Executive Chairman	4.8yrs	US$280.00k	0.16% $ 1.4m
Anthony Best	Lead Independent Director	6.3yrs	US$267.50k	0.067% $ 580.5k
Jack Moore	Independent Director	7.1yrs	US$242.50k	0.073% $ 630.2k
G. Lawrence	Independent Director	3.3yrs	US$230.00k	0.032% $ 273.9k
Michele Choka	Independent Director	4.2yrs	US$245.00k	0.024% $ 207.3k

4.8yrs

Average Tenure

68yo

Average Age

Experienced Board: 2PG's board of directors are considered experienced (4.8 years average tenure).

ProPetro Holding Management

Management criteria checks 2/4

Key information

Recent management updates

ProPetro Holding Corp., Annual General Meeting, Apr 23, 2024

Propetro Holding Corp. Announces Executive Appointments

ProPetro Holding Corp. Announces Executive Changes, Effective September 5, 2023

President & COO recently sold €198k worth of stock

ProPetro Holding Corp. Appoints Mary P. Ricciardello to its Board of Directors

ProPetro Holding Corp. Announces Executive Changes

Recent updates

ProPetro Holding Corp. to Report Q1, 2024 Results on May 01, 2024

ProPetro Holding Corp., Annual General Meeting, Apr 23, 2024

ProPetro Holding Corp. announced delayed annual 10-K filing

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$0.76 (vs US$0.019 in FY 2022)

ProPetro Holding Corp. to Report Q4, 2023 Results on Feb 21, 2024

New major risk - Revenue and earnings growth

Propetro Holding Corp. Announces Executive Appointments

Third quarter 2023 earnings released: EPS: US$0.31 (vs US$0.096 in 3Q 2022)

ProPetro Holding Corp. to Report Q3, 2023 Results on Nov 01, 2023

ProPetro Holding Corp. Announces Executive Changes, Effective September 5, 2023

President & COO recently sold €198k worth of stock

Second quarter 2023 earnings released: EPS: US$0.34 (vs US$0.32 loss in 2Q 2022)

ProPetro Holding Corp. to Report Q2, 2023 Results on Aug 02, 2023

Investor sentiment improves as stock rises 20%

ProPetro Holding Corp. (NYSE:PUMP) announces an Equity Buyback for $100 million worth of its shares.

First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.11 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.019 (vs US$0.53 loss in FY 2021)

ProPetro Holding Corp. Appoints Mary P. Ricciardello to its Board of Directors

ProPetro Holding Corp. to Report Q4, 2022 Results on Feb 21, 2023

ProPetro Holding Corp. Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$0.096 (vs US$0.049 loss in 3Q 2021)

ProPetro Holding Corp. (NYSE:PUMP) acquired Silvertip Completion Services Operating, LLC for approximately $150 million.

ProPetro Holding Corp. (NYSE:PUMP) acquired Silvertip Completion Services Operating, LLC for approximately $150 million.

ProPetro Holding Corp. to Report Q3, 2022 Results on Nov 01, 2022

Step Energy Services (Usa) Ltd. acquired Ultra-Deep U.S. Coiled Tubing of ProPetro Holding Corp. (NYSE:PUMP) for $15.6 million.

ProPetro Holding Corp. Enters into Binding Term Sheet to Fully Resolve Class Action Litigation

Second quarter 2022 earnings released: US$0.32 loss per share (vs US$0.083 loss in 2Q 2021)

ProPetro Holding Corp. Reports Impairment Charges for the Second Quarter Ended June 30, 2022

ProPetro Holding Corp. to Report Q2, 2022 Results on Aug 02, 2022

Non-Executive Chairman recently sold €519k worth of stock

Non-Executive Chairman recently sold €471k worth of stock

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.20 loss in 1Q 2021)

ProPetro Holding Corp. to Report Q1, 2022 Results on May 03, 2022

High number of new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

ProPetro Appoints Phillip Gobe as Non-Executive Chairman, Effective March 31, 2022

ProPetro Holding Corp. to Report Q4, 2021 Results on Feb 22, 2022

Third quarter 2021 earnings released: US$0.049 loss per share (vs US$0.29 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.083 loss per share (vs US$0.26 loss in 2Q 2020)

ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Value-Defensive Index

First quarter 2021 earnings released: US$0.20 loss per share (vs US$0.078 loss in 1Q 2020)

Chief Strategy & Administrative Officer recently sold €107k worth of stock

Chief Operating Officer recently sold €208k worth of stock

Full year 2020 earnings released: US$1.06 loss per share (vs US$1.62 profit in FY 2019)

Revenue beats expectations

New 90-day high: €8.60

New 90-day high: €7.25

ProPetro Holding Corp. to Report Q4, 2020 Results on Feb 23, 2021

New 90-day high: €6.95

ProPetro Holding Corp. Appoints G. Larry Lawrence to Board of Directors

ProPetro Holding Corp., Annual General Meeting, May 17, 2021

New 90-day high: €5.70

New 90-day high: €5.65

Third quarter 2020 earnings released: US$0.29 loss per share

Revenue misses expectations

ProPetro Holding Corp. to Report Q3, 2020 Results on Nov 02, 2020

ProPetro Holding Corp. Announces Executive Changes

New 90-day low: €3.64

Director recently bought €64k worth of stock

First half earnings released

Dan Wilks acquired 9.93% stake in ProPetro Holding Corp. (NYSE:PUMP).

ProPetro Holding Corp. to Report Q2, 2020 Results on Aug 04, 2020

ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 2000 Growth-Defensive Index

ProPetro Holding Corp.(NYSE:PUMP) dropped from Russell 3000 Growth Index

CEO Compensation Analysis

CEO

Tenure

Compensation