4/A: Select Water Solutions Executive Acquires Restricted Stock

Michael James Lyons, EVP, CSO and CTO of Select Water Solutions, acquired 43,537 shares of Class A Common Stock on February 24, 2024, as part of a restricted stock grant.

Summary

• On February 24, 2024, Michael James Lyons, EVP, CSO and CTO of Select Water Solutions, acquired 43,537 shares of Class A Common Stock.
• The acquisition was a grant of restricted stock under the Select Energy Services, Inc. 2016 Equity Incentive Plan.
• The shares vest in three equal installments: 1/3 on February 24, 2025, 1/3 on February 24, 2026, and 1/3 on February 24, 2027.
• Following the transaction, Lyons directly owns 105,486 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This type of equity compensation is common in the energy services industry to attract and retain key executives.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the oilfield services industry, similar to companies like Halliburton, Schlumberger, and Baker Hughes.
• Vesting schedules of three years are also typical to ensure long-term alignment with company performance.

Stakeholder Impact

• The equity grant aligns management's interests with shareholders, potentially driving long-term value creation.

Key Dates