Form 4: Smart Sand Inc. Executive William John Young Reports Changes in Beneficial Ownership

William John Young, Chief Operating Officer of Smart Sand, Inc., reports acquisition and disposal of common stock related to TSR-based performance shares.

Summary

• On March 1, 2024, William John Young, the Chief Operating Officer of Smart Sand, Inc., reported changes in his beneficial ownership of the company's common stock.
• He acquired 17,666 shares related to TSR-based performance shares originally granted on July 30, 2021, at a price of $0.
• These shares were earned based on the company's total shareholder return (TSR) performance from January 1, 2021, through December 31, 2023, relative to a peer group.
• Additionally, 5,970 shares were withheld for tax purposes at a price of $1.98 per share.
• Following these transactions, Young's direct ownership stands at 488,087 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and performance-based awards.

Positives

• The acquisition of shares indicates that the company met its TSR performance goals relative to its peer group over the three-year period from January 1, 2021, to December 31, 2023.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future performance.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Halliburton, Schlumberger, and Baker Hughes also have executives who regularly file Form 4s to report changes in their beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates