Form 4: Smart Sand Director Frank Porcelli Receives Stock Grant

Director Frank Porcelli received 39,130 shares of restricted stock from Smart Sand, Inc. on February 28, 2025.

Summary

• Frank Porcelli, a director at Smart Sand, Inc., received 39,130 shares of restricted stock on February 28, 2025.
• The shares were granted under the Issuer's Amended and Restated 2016 Omnibus Incentive Plan.
• The restricted stock vests on the one-year anniversary of the grant date, contingent upon Porcelli's continued service to the Issuer.
• Following the transaction, Porcelli directly owns 1,119,060 shares of Smart Sand, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule incentivizes continued service and commitment from the director.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Comparison to Industry Standards

• Stock grants are a common form of executive compensation in the oil and gas industry, used to align management's interests with those of shareholders.
• Vesting schedules, like the one-year vesting period for these shares, are typical to ensure continued service and commitment.
• Companies like U.S. Silica Holdings, Inc. and Covia Holdings LLC also utilize stock grants as part of their executive compensation packages.

Key Dates