Form 4: Select Water Solutions Exec Withholds Shares for Tax
Insider Transaction Report
Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, Inc., disposed of shares to cover tax obligations related to restricted stock vesting.
Summary
- Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, Inc. (WTTR), engaged in a transaction on August 15, 2025.
- The transaction involved the disposition of 17,648 shares and an additional 2,243 shares of Class A Common Stock.
- These shares were withheld by the Issuer to satisfy tax withholding obligations arising from the vesting of restricted stock.
- The price per share for these transactions was $7.91.
- Following these transactions, Michael James Lyons beneficially owns 106,226 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax obligations upon vesting of restricted stock), which is neutral in terms of company performance or outlook.
Positives
- The transaction represents a routine compliance event related to the vesting of restricted stock, indicating the executive's equity compensation is materializing.
Negatives
- No inherent negatives; the disposition of shares was non-discretionary and solely for tax withholding purposes.
Risks
- The Power of Attorney includes standard indemnification clauses for Select Water Solutions and the Attorney-in-Fact against losses or claims arising from untrue statements or omissions in information provided by the undersigned, or lack of timeliness in delivery of information for SEC filings.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Michael James Lyons granted a Power of Attorney to specific individuals (Christopher K. George, Calla Hackler, Danna K. Cary, and the Section 16 Compliance Officer) to prepare, execute, and file SEC forms (including Forms 3, 4, 5, 144, 13D, 13G) on his behalf as an officer, director, or stockholder of Select Water Solutions, Inc. This includes managing his EDGAR account. | August 6, 2025 | Streamlines the process for the executive to comply with SEC reporting requirements for insider transactions, ensuring timely and accurate filings. |
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not a sale for liquidity.
- Employees and other stakeholders are not directly impacted by this executive's personal tax-related stock transaction.
Key Dates
| Date | Description |
|---|---|
| August 6, 2025 | Date Michael James Lyons granted a Power of Attorney for SEC filings. |
| August 15, 2025 | Date of reported stock disposition transaction for tax withholding. |
| August 19, 2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Select Water Solutions, WTTR, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Executive Compensation, Michael James Lyons
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