Form 4: Select Water Solutions Director Robin H. Fielder Acquires Restricted Stock
SEC Form 4
Director Robin H. Fielder 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, Robin H. Fielder, a director of Select Water Solutions, Inc., acquired 16,447 shares of Class A Common Stock.
- The acquisition was a grant of restricted stock under the company's 2024 Equity Incentive Plan.
- These shares were acquired at a price of $0.00.
- The restricted stock will vest on May 7, 2025.
- Following the transaction, Fielder directly owns 43,457 shares of Select Water Solutions, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock is a common practice and indicates alignment of interests between the director and shareholders. There are no negative aspects presented in the document.
Positives
- The grant of restricted stock aligns the director's interests with the long-term performance of the company.
- The increased share ownership demonstrates the director's commitment to the company.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It reflects part of the company's compensation strategy to align management's interests with shareholders'.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: Robin H. Fielder acquired 16,447 shares of restricted stock. |
| 05/07/2025 | Vesting date for the restricted stock. |
| 05/09/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.