Form 4: Select Water CEO Reports Key Stock Transactions

Select Water Solutions CEO John Schmitz reported multiple transactions including a stock gift, restricted stock grant, and tax-related share disposition.

Summary

• John Schmitz, President & CEO and Director of Select Water Solutions, Inc. (WTTR), reported several changes in his beneficial ownership of Class A Common Stock.
• On February 23, 2026, Schmitz made a gift of 265,250 shares of common stock, which was acquired by his spouse.
• This gift was pre-arranged before the Issuer's public offering on February 19, 2026, and permitted under a lock-up agreement for bona fide estate planning transfers.
• On February 24, 2026, Schmitz was granted 143,084 shares of restricted stock under the Select Water Solutions, Inc. 2024 Equity Incentive Plan.
• These restricted shares will vest in three equal annual installments on February 24, 2027, February 24, 2028, and February 24, 2029.
• Also on February 24, 2026, 66,952 shares were disposed of at a price of $13.65 per share to satisfy tax withholding obligations related to the vesting of certain restricted stock.
• Schmitz's direct beneficial ownership after these transactions is 940,864 shares, with additional indirect holdings through various trusts and entities.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as slightly positive. While there are routine dispositions for tax and estate planning, the significant restricted stock grant reinforces management's long-term commitment to the company.

Positives

• The grant of 143,084 restricted shares aligns management's incentives with long-term shareholder value, demonstrating continued commitment to the company's performance.

Negatives

• The disposition of 66,952 shares for tax withholding purposes reduces the CEO's direct ownership, although this is a routine event upon restricted stock vesting.

Future Outlook

The restricted stock granted to the CEO is scheduled to vest in three equal annual installments on February 24, 2027, February 24, 2028, and February 24, 2029, indicating a future alignment of incentives.

Industry Context

StockSavvy.ai notes that insider transaction reports like Form 4 are routine disclosures for publicly traded companies. These transactions, involving a gift for estate planning, a restricted stock grant as compensation, and tax-related dispositions, are common activities for senior executives and do not necessarily signal a shift in broader industry trends or competitive landscape.

Related Party Transactions

• A gift of 265,250 shares of Class A Common Stock was made to the reporting person's spouse.
• Shares are held indirectly by the Sandra Lee Schmitz 2024 Annuity Trust and the John David Schmitz 2024 Annuity Trust, for which the reporting person serves as trustee.
• Shares are held indirectly by various Family Trusts for the reporting person's children.

Stakeholder Impact

• Shareholders gain transparency into the beneficial ownership changes of a key executive, which can influence perceptions of management's alignment with shareholder interests.
• The restricted stock grant serves as an incentive for the CEO, potentially impacting employee motivation and retention at the executive level.

Next Steps

• The restricted stock granted on February 24, 2026, will vest in three equal annual installments on February 24, 2027, February 24, 2028, and February 24, 2029.

Key Dates

Keywords

Select Water Solutions, WTTR, Form 4, Insider Transaction, CEO, John Schmitz, Restricted Stock, Estate Planning, Stock Grant, Tax Withholding