Form 4: Aris Water Solutions Director Keenan Receives Stock Award

Director W. Howard Keenan, Jr. received 6,680 shares of Aris Water Solutions Class A common stock as part of an annual restricted stock unit (RSU) award.

Summary

• W. Howard Keenan, Jr., a director of Aris Water Solutions, Inc., received an annual award of 6,680 restricted stock units (RSUs) on July 1, 2024.
• The RSUs were granted under the company's 2021 Equity Incentive Plan as compensation for his duties as a non-employee director.
• Each RSU represents the right to receive one share of Aris Water Solutions' Class A common stock.
• The RSUs will vest on the earlier of the company's 2025 annual meeting of stockholders (if Keenan is not continuing on the board) or July 1, 2025.
• Keenan directly owns 30,059 shares of Class A Common Stock following the reported transaction.
• Keenan has granted power of attorney to Amanda M. Brock, Stephan Tompsett and Robert W. Hunt, Jr. to act on his behalf in matters related to SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a standard director compensation practice, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Industry Context

Equity compensation is a common practice for directors of publicly traded companies to align their interests with shareholders and incentivize performance.

Comparison to Industry Standards

• RSU grants are a standard form of compensation for non-employee directors in publicly traded companies.
• The vesting schedule is typical, aligning with annual meetings or specific dates.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit shareholders.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates