Form 4: Select Water Solutions EVP and CFO Reports Stock Transactions

Christopher Kile George, EVP and CFO of Select Water Solutions, reports the withholding of shares for tax obligations and the acquisition of performance share units.

Summary

• Christopher Kile George, the EVP and CFO of Select Water Solutions, filed a Form 4 detailing changes in beneficial ownership.
• On March 5, 2024, 2,022 shares of Class A Common Stock were withheld to satisfy tax obligations at a price of $8.18 per share, resulting in 253,565 shares beneficially owned.
• On February 24, 2024, George acquired 20,094 Performance Share Units (PSUs).
• Each PSU represents a contingent right to receive one share of Class A common stock, with vesting dependent on continued employment and the company's total shareholder return from January 1, 2024, to December 31, 2026.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions by an executive, which is a routine occurrence.

Future Outlook

Vesting of the Performance Share Units is contingent upon continued employment and the company's total shareholder return over the period from January 1, 2024, to December 31, 2026.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity by the CFO of Select Water Solutions.

Key Dates