Form 4: Select Water Solutions Executive Reports Stock Transactions

Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, reports acquisition of restricted stock and disposition of shares to cover tax obligations.

Summary

• On February 24, 2025, Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, acquired 28,654 shares of Class A Common Stock at $0.00.
• These shares were granted under the Select Water Solutions, Inc. 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, Lyons disposed of 6,178 shares of Class A Common Stock at $12.2 to satisfy tax withholding obligations related to the vesting of restricted stock.
• Following these transactions, Lyons directly owns 126,117 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices. The sentiment is neutral as it reports routine transactions.

Positives

• The grant of restricted stock to a key executive aligns their interests with the long-term performance of the company.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often viewed as a reflection of management's confidence in the company's future prospects. The vesting schedule of the restricted stock suggests a long-term commitment from the executive.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, and equity-based compensation, such as restricted stock units (RSUs) or stock options.
• Vesting schedules for RSUs typically range from three to five years, aligning with industry norms.
• Companies like Halliburton, Schlumberger, and Baker Hughes also utilize equity-based compensation to incentivize their executives.

Stakeholder Impact

• The stock transactions have a minimal direct impact on stakeholders.
• The equity incentive plan aims to align executive interests with shareholder value.

Key Dates