Form 4: Aris Water Solutions Executive Chairman Sells Shares to Cover Tax Obligations

William A. Zartler, Executive Chairman of Aris Water Solutions, sold 27,012 shares of Class A common stock to cover tax obligations related to vested restricted stock units.

Summary

• William A. Zartler, the Executive Chairman of Aris Water Solutions, Inc., sold 27,012 shares of Class A common stock on December 16, 2024.
• The sale was executed to cover tax withholding obligations arising from the settlement of vested restricted stock units.
• The shares were sold at a price of $25.81 per share.
• Following the transaction, Zartler directly owns 503,654 shares of Class A common stock.
• Zartler also indirectly owns 488,474 shares of Class B common stock and 1,064,617 shares of Class B common stock through Solaris Energy Capital, LLC.
• Each share of Class B common stock has no economic rights but entitles its holder to one vote on all matters to be voted on by stockholders generally.
• Units in Solaris Midstream Holdings, LLC, along with a corresponding number of Class B common stock, are redeemable for Class A common stock on a one-for-one basis.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment. It is a neutral event.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to equity compensation. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by William A. Zartler is consistent with standard practices for executives managing their equity compensation.
• Similar transactions are regularly reported by executives at other companies in the energy and water solutions sectors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• The sale does not indicate any change in the company's fundamentals or future prospects.

Key Dates

Keywords

Aris Water Solutions, William A. Zartler, Class A Common Stock, Class B Common Stock, Solaris Energy Capital, insider trading, Form 4, tax withholding, restricted stock units