ProPetro Holding Corp. Stockholders Approve Amended Long-Term Incentive Plan and Elect Directors

ProPetro Holding Corp. filed an 8-K reporting that stockholders approved the Third Amended and Restated 2020 Long Term Incentive Plan (A&R LTIP) at the company's 2026 Annual Meeting on May 19, 2026. The amended plan increases the number of shares available for issuance by 3,540,000, from 10,520,000 to 14,060,000 shares, and extends the plan term to the tenth anniversary of the annual meeting. All shares will be available for incentive stock options. The plan allows for various equity awards including stock options, restricted stock, and stock appreciation rights for employees, directors, and service providers, with non-employee director compensation capped at $500,000 annually. Stockholders also elected eight directors, approved executive compensation on an advisory basis, and ratified the appointment of RSM US LLP as independent auditor for fiscal 2026.