Form 4: Select Water Solutions Executive Reports Share Award Vesting and Tax Withholding
SEC Form 4 Filing
Brian Szymanski, Chief Accounting Officer of Select Water Solutions, reports the vesting of performance share units and subsequent tax withholding.
Summary
- On February 14, 2025, Brian Szymanski, Chief Accounting Officer of Select Water Solutions, had performance share units (PSUs) vest.
- A total of 6,513 Class A Common Stock shares were acquired due to the vesting of these PSUs, awarded on February 24, 2022.
- Simultaneously, 3,218 shares were withheld by Select Water Solutions to cover tax obligations related to the vesting at a price of $13.14 per share.
- Following these transactions, Szymanski directly owns 95,381 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing executive compensation. It doesn't contain information that would drastically shift investor sentiment, but the vesting of PSUs suggests the executive met performance goals, which is mildly positive.
Positives
- The vesting of performance share units indicates that performance goals were met, which can be seen as a positive sign for the company's performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading and provide investors with information about the trading activities of company executives and directors. This filing indicates standard compensation practices involving equity-based awards.
Comparison to Industry Standards
- Equity compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
- Vesting schedules and performance-based awards are typical components of executive compensation packages in the energy and water solutions industry, similar to companies like Halliburton, Schlumberger, and Baker Hughes.
- Tax withholding upon vesting of equity awards is a standard procedure across industries.
Stakeholder Impact
- Shareholders are informed about executive compensation and alignment of interests.
- Employees may view the vesting of PSUs as a sign of company success and achievement of performance goals.
Key Dates
| Date | Description |
|---|---|
| 2022/02/24 | Date of performance share unit award grant to Brian Szymanski |
| 2025/02/14 | Date of transaction: Vesting of performance share units and tax withholding |
| 2025/02/19 | Date of signature on the Form 4 filing |
Keywords
Form 4, Select Water Solutions, WTTR, Brian Szymanski, Chief Accounting Officer, Performance Share Units, PSUs, Vesting, Tax Withholding, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.