Form 4: Select Water Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Christina M. Ibrahim, SVP, GC, CCO & Corp. Sec. of Select Water Solutions, Inc., sold shares to cover tax obligations arising from vesting restricted stock.
Summary
- On May 4, 2024, Christina M. Ibrahim, SVP, GC, CCO & Corp. Sec. of Select Water Solutions, Inc., disposed of 3,364 shares of Class A Common Stock.
- The shares were sold at a price of $9.16 per share.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock.
- Following the transaction, Ibrahim directly owns 125,120 shares of Select Water Solutions, Inc.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing related to an insider transaction for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/04/2024 | Date of transaction: Sale of shares to cover tax obligations. |
| 05/06/2024 | 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.