Select Water (NYSE: WTTR) CEO’s plan-based stock sales and PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Select Water Solutions President & CEO John Schmitz reported plan-based stock sales and equity vesting activity in Class A common stock. On February 6 and 9, 2026, B-29 Investments, LP, an entity associated with him, sold 16,841 and 33,916 shares, respectively, at weighted average prices of $13.01 and $13.03 per share under a pre-arranged Rule 10b5-1 trading plan.
He was credited with 91,154 shares on February 9, 2026, upon earning performance share units granted on February 24, 2023, and 36,116 shares were withheld by the company to cover tax obligations tied to that vesting. Following these transactions, he reports 599,482 shares held directly and additional indirect holdings through B-29 Investments, annuity trusts, and multiple family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,757 shares ($661,027)
Net Sell
14 txns
Insider
Schmitz John
Role
President & CEO
Sold
50,757 shs ($661K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 33,916 | $13.03 | $442K |
| Grant/Award | Class A Common Stock | 91,154 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 36,116 | $12.96 | $468K |
| Sale | Class A Common Stock | 16,841 | $13.01 | $219K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 249,243 shares (Indirect, By B-29 Investments, LP);
Class A Common Stock — 635,598 shares (Direct)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to the 10b5-1 trading plan adopted by the Reporting Person on November 11, 2024. The transaction was executed in multiple trades at prices ranging from $13.0000 USD to $13.0500 USD, the price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide Select Water Solutions, Inc., a Delaware corporation (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon receipt, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. The transaction was executed in multiple trades at prices ranging from $13.0000 USD to $13.1000 USD, the price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission, upon receipt, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied. Represents shares to be withheld by the Issuer to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs. Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee. Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
FAQ
What insider transactions did WTTR CEO John Schmitz report on this Form 4?
He reported plan-based sales through B-29 Investments, LP and equity vesting. B-29 Investments sold 16,841 and 33,916 Select Water Class A shares, and 91,154 shares were credited from performance share units, with 36,116 shares withheld for taxes.
Was the WTTR CEO’s stock sale part of a 10b5-1 trading plan?
Yes. The filing notes that the reported sales were effected under a Rule 10b5-1 trading plan adopted on November 11, 2024. Such plans pre-schedule trades, allowing insiders to sell shares according to pre-set instructions regardless of later market conditions.
At what prices were the WTTR insider sales executed in this Form 4?
The February 6, 2026 sale was executed in multiple trades between $13.00 and $13.05 per share, with a weighted average of $13.01. The February 9, 2026 sale ranged from $13.00 to $13.10 per share, with a weighted average price of $13.03.