Form 4: Select Water Solutions EVP & COO Michael Skarke Reports Share Award Vesting and Tax Withholding

Michael Skarke, EVP & COO of Select Water Solutions, reports the vesting of performance share units and subsequent tax withholding.

Summary

• On March 10, 2025, Michael Skarke, EVP & COO of Select Water Solutions, had performance share units (PSUs) vest, resulting in the acquisition of 29,275 Class A Common Stock.
• The shares were awarded on February 24, 2022, and the performance conditions were met.
• 11,520 shares were withheld by Select Water Solutions to cover tax obligations related to the vesting of the PSUs at a price of $9.68 per share.
• Following these transactions, Skarke directly owns 417,723 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. The vesting of PSUs suggests the achievement of performance goals, which is mildly positive. The tax withholding is a neutral event.

Positives

• The vesting of performance share units indicates that performance conditions were met, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a sign that the company is meeting its performance goals.
• The tax withholding has no direct impact on stakeholders.

Key Dates