Form 4: Smart Sand CEO Charles Edwin Young Receives Restricted Stock Grant and Reports Ownership Changes

Charles Edwin Young, CEO of Smart Sand, Inc., reports the acquisition of restricted stock and changes in beneficial ownership, including shares held indirectly through Keystone Cranberry, LLC.

Summary

• Charles Edwin Young, CEO of Smart Sand, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 28, 2025, Mr. Young acquired 228,261 shares of restricted stock under the company's 2016 Long Term Incentive Award Plan.
• These shares vest in four equal annual installments, contingent upon his continued employment with Smart Sand.
• Mr. Young also reported indirect ownership of 5,842,700 shares through Keystone Cranberry, LLC, where he holds a 67% membership interest and has sole voting and investment power.
• Following these transactions, Mr. Young directly owns 1,359,989 shares of Smart Sand stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock ownership changes. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The grant of restricted stock to the CEO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
• The vesting schedule encourages long-term commitment from the CEO.

Future Outlook

The restricted stock vests over the next four years, subject to continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the stock ownership of company insiders.

Stakeholder Impact

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

Key Dates