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 related to performance-based awards and the withholding of 4,011 shares for tax obligations.

Summary

• On March 1, 2024, Ronald Whelan, Executive Vice President of Sales at Smart Sand, Inc., reported changes in his beneficial ownership of the company's common stock.
• He acquired 11,777 shares related to TSR-based performance shares originally granted on July 30, 2021.
• These shares were earned based on the company's total shareholder return (TSR) performance from January 1, 2021, to December 31, 2023, relative to a peer group.
• Additionally, 4,011 shares were withheld for tax purposes upon the vesting of these performance shares at a price of $1.98 per share.
• Following these transactions, Whelan directly owns 373,328 shares of Smart Sand, Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. The vesting of performance shares is a slightly positive indicator.

Positives

• The vesting of performance-based shares suggests that Smart Sand met certain TSR targets relative to its peer group.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and equity awards.

Stakeholder Impact

• Shareholders may view the vesting of performance shares as a positive sign, indicating that the company has met certain performance targets.

Key Dates