Scouting report · PUMP
Samuel D. Sledge
Joined ProPetro in 2011 as a frac technical specialist; CEO since August 2021
—thin record
Not ranked yet
Scouting sheet
as of 24 Sep 2026Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design67ebitda, fcf, strategic, individual, relative tsr, time only · 98.6% for · 793.65% of net income
Skin in the game50stake worth $6.5m, 1.0× last year's pay
- Age
- 39src
- In the role
- 5 yr
- Promises scored
- 0
- Hit rate
- —
- Dodges / 100 answers
- —
- Airtime on calls
- —
Every promise, oldest firstno scored promises yet
What to weigh
Watch 5
- The FCF bonus metric (20% weight) leaves out PROPWR capex. It paid at maximum in 2025 ($126m against an $85m target) in a year when PROPWR was where capital wentsrc
- 2025 Adjusted EBITDA was $208m against a $276m target, and both safety metrics missed threshold. The total bonus still paid 101.5% of target ($1.14m), carried by FCF and PROPWR megawatts. The committee trimmed his individual score for safetysrc
- 2023 PSUs paid 130% of target on relative TSR although the company's absolute TSR over the three years was 0.03%src
- GAAP net income was $0.8m in FY2025 after a $137.9m loss in FY2024 and $85.6m profit in FY2023src
- Owns about 0.5% (649,336 shares at 2026-03-25 per the 2026 proxy). No open-market buys or sells in the last 12 months; every Form 4 is vesting or tax withholdingsrc
In their favour 1
- CEO pay ratio 54:1 on $6.54m 2025 pay. Hedging and pledging are banned, and the ownership guideline is 5x salarysrc
Career
- 2021-08 – nowProPetro Holding Corp.src
Chief Executive Officer & Director
Appointed 2021-07-27, effective 2021-08-31, at age 34; moved from Tier 2 to Tier 1 of the executive severance plan - 2021-04 – 2021-08ProPetro Holding Corp.src
President
Appointed 2021-04-05 per the 8-K and the 2026 proxy; the July 2021 8-K says President since May 2021 - 2020-03 – 2021-04
- 2011 – 2020ProPetro Servicessrc
Frac Technical Specialist, Technical Operations Manager, then Vice President of Finance, Corporate Development and Investor Relations
Joined 2011; the filings give the roles but not their dates. The 2019 proxy calls him Investor Relations Director for 2018 (DEF14A-2019)
Not located: Dates of each role between joining in 2011 and March 2020 are not stated in any filing read (only that he was Investor Relations Director in 2018); anything before 2011, including graduation years, not located
Achievements
- Rose from a frac technical role (joined 2011) through finance and investor relations to CEO in August 2021, at 34src
- Led the late-2024 launch of PROPWR power generation; the 2026 proxy letter puts delivered or on-order capacity at about 550 MW and about 240 MW under customer contract in early 2026src
- Led 2025 financing for PROPWR: Caterpillar equipment financing (April 2025, expanded early 2026), a Stonebriar leasing facility, and an early-2026 equity offeringsrc
- 2023 PSUs settled at 130% of target on a 60th-percentile relative TSR over 2023-2025src
- Say-on-pay passed with 98.6% of for-plus-against votes at the 2026-05-19 meetingsrc
Education
Background
- Family Son of David Sledge, ProPetro's Chief Operating Officer from 2011 until 2020-12-31. His father left under a separation agreement with a five-year combined non-compete and non-solicitsrc
- Family Item 404: the company rented three yards in 2025 (about $0.02m, $0.1m and $0.1m a year) from South Midkiff Partners, LLC, part-owned by his father and by director Spencer D. Armour III. The 2026 proxy says 'previously rented'src
- Family The 2020 proxy disclosed that he and his father had a family relationship with an officer of Gravity Oilfield Services, an equipment-rental vendor to the company. The 2019 proxy listed his 2018 pay (about $717k) as a related-party item because he was the COO's sonsrc
- Family The July 2021 CEO-appointment 8-K states there are no family relationships between him and any director or executive officer (his father had left six months earlier)src
- Boards Director and current Chair of the Energy Workforce and Technology Council, an association of energy service companiessrc
- Regulatory The 2019 internal review under the prior CEO found internal and disclosure control deficiencies. The board paid no 2019 bonus to the former CEO (Redman) or CFO (Smith). Sledge, then in finance and investor relations, got a $590k 2019 bonus. No filing read names him in the review's findingssrc
The promise ledger
No promise on the record yet: the research routine has not scored this company's guidance.
Sources
11- Filing ProPetro Holding Corp. DEF 14A (accession 0001104659-26-040891) · 2026-04-08
- Filing ProPetro 8-K Items 5.02/5.07, 2026 annual meeting results (0001104659-26-065695) · 2026-05-22
- Filing ProPetro 8-K Item 5.02, Sledge appointed CEO and director (0001104659-21-096953) · 2021-07-28
- Filing ProPetro 8-K Item 5.02, Sledge appointed President (0001104659-21-046660) · 2021-04-05
- Filing ProPetro 8-K Item 5.02, separation of COO David Sledge (0001104659-20-138107) · 2020-12-21
- Filing ProPetro Holding Corp. DEF 14A (0001104659-20-102839) · 2020-09-08
- Filing ProPetro Holding Corp. DEF 14A (0001047469-19-002506) · 2019-04-23
- Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1680247 (FY2025 10-K, 0001680247-26-000028) · 2026-02-19
- Filing Form 4, Samuel D. Sledge (reporting CIK 1806544), RSU settlement and tax withholding of 2026-03-04 (0001680247-26-000046) · 2026-03-05
- Filing Form 4, Samuel D. Sledge, 2023 PSU settlement of 2026-01-19 (0001680247-26-000005) · 2026-01-21
- Filing EDGAR submissions index for reporting owner Sledge Samuel D (CIK 1806544): Form 4s filed 2025-08-07, 2026-01-21, 2026-02-03, 2026-03-03, 2026-03-05 · 2026-09-24