Form 4: Aris Water Solutions: Executive Chairman William Zartler Reports Share Surrender for Tax Obligations
SEC Form 4 Filing
William Zartler, Executive Chairman of Aris Water Solutions, reports the surrender of shares to cover tax withholding obligations related to vested restricted stock units.
Summary
- On October 22, 2024, William Zartler, the Executive Chairman of Aris Water Solutions, surrendered 12,865 shares of Class A Common Stock to cover tax withholding related to the settlement of vested restricted stock units.
- The shares were surrendered at a price of $16.26 per share.
- Following the transaction, Zartler directly owns 530,666 shares of Class A Common Stock and 488,474 shares of Class B Common Stock.
- Zartler also indirectly owns 1,064,617 shares of Class B Common Stock through Solaris Energy Capital, LLC, where he is the sole member.
- These shares are represented by Solaris Midstream Holdings, LLC Units, which are redeemable for Class A Common Stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a routine transaction related to tax obligations and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading activity by corporate insiders.
Key Dates
| Date | Description |
|---|---|
| 10/22/2024 | Date of the transaction: Surrender of shares for tax withholding. |
| 10/24/2024 | Date of signature of the Form 4 filing. |
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