Form 4: Smart Sand Inc. Executive William John Young Reports Stock Award and Tax Withholding
SEC Form 4 Filing
William John Young, Chief Operating Officer of Smart Sand Inc., reports the acquisition of 17,666 shares of common stock related to a performance award and the disposal of 5,970 shares for tax withholding.
Summary
- On March 12, 2024, William John Young, the Chief Operating Officer of Smart Sand, Inc., reported a transaction involving the company's common stock.
- He acquired 17,666 shares as part of a ROIC-based performance award granted on July 30, 2021, with the performance period spanning from January 1, 2021, to December 31, 2023.
- The acquisition price was $0.
- Concurrently, he disposed of 5,970 shares to cover tax obligations at a price of $1.94 per share.
- Following these transactions, Young directly owns 499,783 shares of Smart Sand, Inc.
- The report was filed on March 14, 2024.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares by the COO indicates confidence in the company's performance and future prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 07/30/2021 | Original grant date of ROIC-based performance award shares. |
| 01/01/2021 | Start date of the performance period for the ROIC-based award. |
| 12/31/2023 | End date of the performance period for the ROIC-based award. |
| 03/12/2024 | Date of stock acquisition and tax withholding. |
| 03/14/2024 | Date of Form 4 filing. |
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