Form 4: Smart Sand Executive James Young Reports Stock Award and Tax Withholding

James Douglas Young, Executive Vice President, General Counsel and Secretary of Smart Sand, Inc., reports acquisition of shares from performance-based awards and shares withheld for tax obligations.

Summary

• On March 1, 2024, James Douglas Young, an executive at Smart Sand, Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 11,777 shares of common stock related to TSR-based performance shares granted on July 30, 2021, at a price of $0.
• Simultaneously, 3,862 shares were withheld for tax purposes at a price of $1.98 per share.
• Following these transactions, Young directly owns 284,530 shares of Smart Sand, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The vesting of performance shares is a slightly positive indicator.

Positives

• The vesting of performance shares suggests that Smart Sand, Inc. met certain performance criteria related to total shareholder return (TSR) over the three-year performance period.

Industry Context

Form 4 filings are a routine part of the US financial market and are required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of performance shares could be viewed positively by shareholders as it suggests the company met certain performance targets.

Key Dates