Form 4: Smart Sand CFO Lee E. Beckelman Reports Stock Transaction
SEC Form 4 Filing
Lee E. Beckelman, CFO of Smart Sand, Inc., reports the withholding of 3,321 shares for tax purposes upon vesting of restricted stock on June 7, 2024.
Summary
- On June 7, 2024, Lee E. Beckelman, the Chief Financial Officer of Smart Sand, Inc., had 3,321 shares of common stock withheld for tax purposes.
- This transaction occurred due to the vesting of restricted stock granted to Beckelman, contingent upon continued employment with Smart Sand.
- The price per share for the transaction was $2.08.
- Following the transaction, Beckelman directly owns 632,529 shares of Smart Sand, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock transaction (tax withholding upon vesting of restricted stock). |
| 06/11/2024 | Date of signature on the Form 4 filing. |
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