Form 4: Select Water Solutions Executive Cody Ortowski Reports Stock Transactions

EVP Cody Ortowski reports acquisition of restricted stock and disposition of shares to cover tax obligations.

Summary

• On February 24, 2025, Cody Ortowski, EVP of Business Strategy at Select Water Solutions, Inc., acquired 26,817 shares of Class A Common Stock at $0.00 per share.
• These shares are restricted stock granted under the 2024 Equity Incentive Plan and will vest in three equal installments on February 24, 2026, February 24, 2027, and February 24, 2028.
• On the same day, Ortowski disposed of 18,132 shares of Class A Common Stock at $12.2 per share to satisfy tax withholding obligations related to the vesting of restricted stock.
• Following these transactions, Ortowski directly owns 351,678 shares of Class A Common Stock and indirectly owns 1,120,437 shares through Proactive Investments, LP.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. The acquisition of restricted stock is a positive sign, while the sale for tax obligations is a neutral event.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance.

Negatives

• The sale of shares to cover tax obligations, while routine, slightly reduces Ortowski's direct holdings.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which investors often monitor for signals about a company's prospects.

Stakeholder Impact

• Shareholders can monitor insider transactions for insights into management's perspective on the company's value.

Key Dates