Form 4: Aris Water Solutions Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nicholas A. Patterson, Chief Commercial Officer of Aris Water Solutions, sold shares to cover tax withholding obligations resulting from the settlement of vested restricted stock units.
Summary
- On September 1, 2024, Nicholas A. Patterson, Chief Commercial Officer of Aris Water Solutions, Inc., disposed of 2,286 shares of Class A Common Stock.
- The shares were surrendered to cover tax withholding obligations due to the settlement of vested restricted stock units.
- The transaction was executed at a price of $16.82 per share.
- Following the transaction, Patterson directly owns 57,663 shares of Aris Water Solutions, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are standard practice for company insiders and officers to report changes in their beneficial ownership of company stock. This filing indicates a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: surrender of shares for tax withholding. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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