Form 4: Smart Sand Executive Ronald Whelan Reports Share Transactions Following Performance Award Vesting

Ronald Whelan, Executive Vice President of Last Mile Solutions at Smart Sand, Inc., reports acquisition and disposal of common stock related to vested performance-based awards.

Summary

• On March 5, 2025, Ronald Whelan, an executive at Smart Sand, Inc., reported transactions involving the company's common stock.
• These transactions include the acquisition of 8,363 shares related to a Return on Invested Capital (ROIC)-based performance award and 8,970 shares related to a Total Shareholder Return (TSR)-based performance award, both originally granted on June 7, 2022.
• The vesting of these awards was confirmed by the issuer on March 5, 2025, following the achievement of applicable performance metrics over the period from January 1, 2022, to December 31, 2024.
• Additionally, 5,902 shares were withheld for tax purposes upon the vesting of these performance shares at a price of $2.1.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of performance awards suggests the company met its performance targets, which is a positive signal. However, the filing itself is a routine disclosure.

Positives

• The vesting of performance-based awards suggests that the company met certain ROIC and TSR targets, which is generally a positive indicator.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. The vesting of performance awards is tied to the company's financial performance and shareholder returns, reflecting standard practices in executive compensation.

Stakeholder Impact

• Shareholders may view the vesting of performance-based awards positively, as it indicates the company achieved certain financial goals.
• Employees may be motivated by the achievement of performance targets and the resulting vesting of awards.

Key Dates