Form 4: Select Water Solutions EVP, COO Michael Skarke Reports Share Transactions

Michael Skarke, EVP and COO of Select Water Solutions, Inc., reports acquisition of shares through performance share units and subsequent disposal to cover tax obligations.

Summary

• On March 20, 2024, Michael Skarke, EVP and COO of Select Water Solutions, acquired 25,308 shares of Class A Common Stock at $0 per share due to the vesting of performance share units (PSUs).
• These PSUs were granted on March 5, 2021, and the performance conditions were met.
• Simultaneously, 8,947 shares were disposed of at $9.08 per share to cover tax withholding obligations related to the vesting of the PSUs.
• Following these transactions, Skarke directly owns 394,402 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions related to executive compensation. The vesting of PSUs is a positive sign, but the subsequent sale for tax obligations is a standard procedure.

Positives

• The vesting of performance share units indicates that performance conditions were met, which could be seen as a positive sign for the company's performance.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates