Form 4: Select Water Solutions CEO John Schmitz Executes Stock Transactions Following PSU Vesting

CEO John Schmitz of Select Water Solutions, Inc. reports the acquisition and disposal of Class A Common Stock following the vesting of performance share units (PSUs), along with sales to cover tax obligations and planned sales under a 10b5-1 trading plan.

Summary

• On February 14, 2025, John Schmitz, the President and CEO of Select Water Solutions, Inc., acquired 55,788 shares of Class A Common Stock upon the vesting of performance share units (PSUs).
• Simultaneously, 13,532 shares were withheld by the company to cover tax obligations arising from the PSU vesting at a price of $13.14 per share.
• Schmitz also sold 73,450 shares of Class A Common Stock at a weighted average price of $13.03 per share, executed under a pre-arranged 10b5-1 trading plan adopted on November 11, 2024.
• Following these transactions, Schmitz directly owns 422,950 shares and indirectly owns 2,825,128 shares through B-29 Investments, LP, as well as 539,388 shares and 539,387 shares through two separate GRATs.
• The sales were executed at prices ranging from $13.00 to $13.09.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to PSU vesting and a pre-existing trading plan. There's no indication of unusual or concerning activity.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.

Key Dates

Keywords

Form 4, Select Water Solutions, WTTR, John Schmitz, Stock Sale, PSU Vesting, 10b5-1 Trading Plan, Beneficial Ownership