Form 4: Smart Sand Executive VP Robert Kiszka Reports Share Transaction
SEC Form 4
Executive VP of Operations at Smart Sand, Robert Kiszka, reports disposition of shares for tax purposes following vesting of restricted stock.
Summary
- On March 17, 2024, Robert Kiszka, Executive VP of Operations at Smart Sand, Inc., reported a transaction involving the company's common stock.
- Kiszka disposed of 3,072 shares at a price of $1.90 per share to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Kiszka directly owns 458,765 shares and indirectly owns 448,738 shares through an LLC.
- Kiszka has sole voting and investment control over the shares held by the LLC but disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's position or the company's outlook.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of stock transaction (disposal of shares for tax purposes). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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