Form 4: Smart Sand CFO Lee E. Beckelman Reports Acquisition of Restricted Stock

Lee E. Beckelman, CFO of Smart Sand, Inc., reports the acquisition of 130,435 shares of restricted stock granted under the company's 2016 Long Term Incentive Award Plan.

Summary

• On February 28, 2025, Lee E. Beckelman, the Chief Financial Officer of Smart Sand, Inc., acquired 130,435 shares of common stock.
• These shares were granted as restricted stock under the Issuer's 2016 Long Term Incentive Award Plan.
• The restricted stock vests in four equal annual installments, starting on the first anniversary of the grant date, contingent upon Beckelman's continued employment with Smart Sand.
• Following this transaction, Beckelman directly owns 745,048 shares of Smart Sand, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management with shareholder interests.

Positives

• The grant of restricted stock aligns the CFO's interests with the long-term performance of the company.
• The vesting schedule incentivizes continued employment and contribution to Smart Sand.

Future Outlook

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

Industry Context

This is a standard practice for incentivizing key executives in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock to key executives is a common practice in the oil and gas and industrial sectors to align management's interests with shareholders.
• Similar companies like U.S. Silica Holdings, Inc. and Covia Holdings Corporation also utilize equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign, indicating that the CFO is incentivized to contribute to the company's long-term success.
• Employees may see this as a standard practice for executive compensation.

Key Dates