Form 4: Select Water Solutions Director Gayle Burleson Receives Stock Grant

Director Gayle Burleson acquired 16,447 shares of Select Water Solutions, Inc. restricted stock on May 7, 2024, which will vest on May 7, 2025.

Summary

• On May 7, 2024, Gayle Burleson, a director of Select Water Solutions, Inc., acquired 16,447 shares of Class A Common Stock.
• The shares were granted as restricted stock under the company's 2024 Equity Incentive Plan.
• These shares will vest on May 7, 2025.
• Following the transaction, Burleson directly owns 68,346 shares of Select Water Solutions, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting period of one year encourages long-term commitment.

Industry Context

This type of stock grant is a common practice for aligning the interests of company directors with those of shareholders in the oilfield services industry.

Comparison to Industry Standards

• Stock grants to directors are a standard practice in publicly traded companies, including those in the oilfield services sector like Halliburton, Schlumberger, and Baker Hughes.
• The vesting schedule of one year is fairly typical for restricted stock grants.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates