Form 4: Select Water Solutions Executive Receives Stock Grant

Michael James Lyons, EVP, CSO and CTO of Select Water Solutions, Inc., received a grant of 43,537 shares of Class A Common Stock on February 24, 2024.

Summary

• On February 24, 2024, Michael James Lyons, EVP, CSO and CTO of Select Water Solutions, Inc., acquired 43,537 shares of Class A Common Stock.
• The shares were granted as restricted stock under the Select Energy Services, Inc. 2016 Equity Incentive Plan.
• The shares will 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 43,537 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

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

Industry Context

Stock grants are a common practice in the energy services industry to incentivize and retain key executives.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the oilfield services sector, similar to companies like Halliburton, Schlumberger, and Baker Hughes.
• The vesting schedule of 1/3 per year over three years is also a standard practice to ensure long-term commitment.

Stakeholder Impact

• The stock grant could have a slightly positive impact on shareholder sentiment as it aligns executive interests with shareholder value.

Key Dates