Form 4: Smart Sand Executive Ronald Whelan Reports Share Award and Tax Withholding

Ronald Whelan, Executive Vice President of Sales at Smart Sand, Inc., reports the acquisition of 11,777 shares based on a performance award and the withholding of 4,011 shares for tax purposes.

Summary

• On March 12, 2024, Ronald Whelan, Executive Vice President of Sales at Smart Sand, Inc., reported transactions involving the company's common stock.
• Whelan acquired 11,777 shares related to a ROIC-based performance award granted on July 30, 2021, with the performance period spanning from January 1, 2021, to December 31, 2023.
• The issuer confirmed the achievement of the applicable performance metric on March 12, 2024.
• Additionally, 4,011 shares were withheld for tax purposes upon the vesting of these performance shares.
• Following these transactions, Whelan directly owns 381,094 shares of Smart Sand, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of performance shares indicates that the company met its ROIC targets, which is a positive sign. The filing itself is a routine disclosure.

Positives

• The vesting of performance-based shares suggests that the company achieved its ROIC goals for the specified period, which is a positive indicator of company performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the alignment of executive incentives with company performance.

Stakeholder Impact

• Shareholders may view the vesting of performance shares positively, as it suggests that management is incentivized to achieve company goals.

Key Dates