Form 4: Select Water Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, sold 1,845 shares of Class A Common Stock to cover tax withholding obligations.
Summary
- On August 15, 2024, Michael James Lyons, EVP, CSO & CTO of Select Water Solutions, Inc., disposed of 1,845 shares of Class A Common Stock.
- The transaction was executed to satisfy tax withholding obligations arising from the vesting of restricted stock.
- The shares were sold at a price of $10.95 per share.
- Following the transaction, Lyons directly owns 103,641 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
Executive stock sales for tax purposes are a common occurrence, especially around vesting events. It doesn't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the stock sale transaction. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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.