Mary Ricciardello
ProPetro HoldingAbout Mary P. Ricciardello
Independent director of ProPetro Holding Corp. since January 2023; age 69. She serves on the Audit Committee and the Compensation Committee, and is designated by the Board as an “Audit Committee financial expert.” She currently sits on the board of Eagle Materials Inc. (Audit; Corporate Governance, Nominating & Sustainability). She holds a B.S. in Business Administration (University of South Dakota), an MBA (University of Houston), is a Texas-licensed CPA, and earned a CERT Certificate in Cybersecurity from Carnegie Mellon University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Reliant Energy Inc. / Houston Lighting & Power (predecessor) | Senior Vice President & Chief Accounting Officer; previously Vice President & Comptroller; earlier roles across financial services and treasury | SVP & CAO: 1999–2002; VP & Comptroller: 1996–1999; with company since 1982 | Led accounting and controllership functions; deepened financial reporting and internal control expertise |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Eagle Materials Inc. | Director | Current | Audit; Corporate Governance, Nominating & Sustainability |
| Devon Energy | Director | 2008–2021 | — |
| Noble Corporation | Director | 2003–2020 | — |
| EnLink Midstream | Director | 2014–2018 | — |
| Midstates Petroleum | Director | 2010–2013 | — |
| U.S. Concrete | Director | 2003–2010 | — |
Board Governance
- Independence: The Board affirmatively determined Ms. Ricciardello is independent under NYSE rules .
- Committee assignments (current): Audit Committee (member; financial expert designation); Compensation Committee (member). In 2024 she served on Nominating & Corporate Governance until November 13, 2024 .
- Committee leadership: Audit Committee chaired by Anthony J. Best; Compensation Committee chaired by Michele Vion (Ms. Ricciardello not a chair) .
- Attendance and engagement: All directors serving in 2024 attended over 75% of Board and committee meetings held during their service; non-employee and independent director executive sessions held regularly .
- Meeting cadence (2024): Board—10; Audit—10; Compensation—5; Nominating & Corporate Governance—4 .
- Outside board limits: Governance Guidelines limit outside public boards to ensure capacity (non-management directors: no more than three additional outside public boards). Ms. Ricciardello serves on PUMP and Eagle Materials, within these limits .
- Executive sessions and leadership: Company separates Chair and CEO roles; Lead Independent Director presides over independent sessions (supports independent oversight) .
Fixed Compensation
| Year | Cash Retainer ($) | Equity (RSUs) Grant-Date Fair Value ($) | Total ($) |
|---|---|---|---|
| 2024 | 90,000 | 154,993 | 244,993 |
- Director equity structure: Annual RSU awards vest in full on the earliest of the first anniversary of grant, the day immediately preceding the next annual meeting, or a Change in Control; pro-rata for partial-year service; death/disability provisions vest the portion that would have vested in the following year .
- Stock ownership policy (directors): Target 300% of annual cash retainer within 5 years; as of Dec 31, 2024 each non-employee director was in compliance (Berg newly subject in 2024) .
Performance Compensation
- Non-employee director equity is time-based RSUs; there are no director performance-based (PSU) metrics disclosed for directors. Accordingly, no director-specific performance metric table applies .
Other Directorships & Interlocks
- Compensation Committee interlocks: None—no PUMP executive served on a board or comp committee of an entity whose executive sat on PUMP’s Board/Compensation Committee in 2024 .
- Related-party transactions: Company disclosed certain related-party transactions involving other individuals; no transactions involving Ms. Ricciardello were disclosed .
Expertise & Qualifications
- Financial reporting and audit expertise (Audit Committee financial expert), Texas-licensed CPA; extensive public-company board service across energy and industrials .
- Cybersecurity governance awareness via CERT Certificate in Cybersecurity (CMU) .
- Executive leadership in accounting/controllership at a large utility (Reliant Energy) .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Beneficial ownership (shares) | 42,684 | As of March 24, 2025; includes RSUs vesting within 60 days |
| Unvested RSUs outstanding (12/31/2024) | 17,939 | Aggregate number of stock awards outstanding |
| Shares outstanding (for % calc) | 103,784,239 | As of March 24, 2025 |
| Ownership as % of shares outstanding | ~0.041% | Derived from 42,684 / 103,784,239; see sources above |
| Hedging/pledging | Prohibited by Company policy for directors and officers | Insider Trading Compliance Policy prohibits hedging and pledging |
| Director ownership guideline compliance | In compliance as of 12/31/2024 | Company reports all non-employee directors are in compliance |
Governance Assessment
- Strengths and positive signals:
- Independent director with Audit Committee financial expert designation; active roles on Audit and Compensation Committees enhance board oversight in key risk areas .
- Strong engagement: Board reports >75% attendance for all directors serving in 2024; regular independent executive sessions support board effectiveness .
- Alignment: Director stock ownership guidelines (300% of retainer) with reported compliance; equity grants in stock (RSUs) promote long-term alignment; hedging/pledging prohibited .
- Capacity: Service on one additional public board (Eagle Materials) is within governance limits on outside boards .
- Potential risks and watch items:
- No specific red flags disclosed for Ms. Ricciardello (no related-party transactions, no interlocks); continue to monitor committee workloads and any changes in board/committee composition after the 2025 annual meeting .