Form 4: Timothy Pawlenty Receives Restricted Stock Grant from Smart Sand, Inc.

Director Timothy Pawlenty received 39,130 shares of restricted stock from Smart Sand, Inc. on February 28, 2025, increasing his total holdings to 248,522 shares.

Summary

• On February 28, 2025, Timothy Pawlenty, a director of Smart Sand, Inc., was granted 39,130 shares of restricted stock.
• The grant was made under the Issuer's Amended and Restated 2016 Omnibus Incentive Plan.
• These shares vest on the one-year anniversary of the grant date, contingent upon Pawlenty's continued service to the company.
• Following this transaction, Pawlenty's total beneficial ownership in Smart Sand, Inc. amounts to 248,522 shares.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The grant of restricted stock aligns Timothy Pawlenty's interests with those of Smart Sand, Inc.'s shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Future Outlook

The restricted stock grant is subject to vesting, indicating an expectation of continued service from the director.

Industry Context

Grants of restricted stock are a common form of executive compensation used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the restricted stock grant positively as it aligns the director's interests with the company's long-term success.

Key Dates