Form 4: Aris Water Solutions COO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Aris Water Solutions' Chief Operating Officer, David Dylan Van Brunt, sold 2,401 shares of Class A Common Stock to cover tax obligations related to vested restricted stock units.
Summary
- David Dylan Van Brunt, the Chief Operating Officer of Aris Water Solutions, Inc., sold 2,401 shares of Class A Common Stock on December 16, 2024.
- The sale was executed at a price of $25.81 per share.
- This transaction was to cover tax withholding obligations resulting from the settlement of vested restricted stock units.
- Following the transaction, Mr. Van Brunt directly owns 90,346 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, which is common in publicly traded companies.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
- The number of shares sold is relatively small compared to the total holdings of the executive, suggesting this is a routine tax-related transaction rather than a significant change in the executive's investment position.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/16/2024 | Date of the stock sale transaction and the settlement of vested restricted stock units. |
| 12/17/2024 | Date the Form 4 was signed. |
Keywords
Aris Water Solutions, insider trading, Form 4, stock sale, David Dylan Van Brunt, executive compensation, tax withholding, restricted stock units
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