Select Water CEO awarded shares, makes estate gifts
Select Water Solutions President & CEO John Schmitz reported multiple equity-related transactions in Class A common stock.
Rhea-AI Filing Summary
Select Water Solutions President & CEO John Schmitz reported multiple equity-related transactions in Class A common stock. He received a grant of 143,084 shares of restricted stock at no cost under the 2024 Equity Incentive Plan, which will vest in three equal installments on February 24, 2027, 2028, and 2029.
The company will withhold 66,952 shares at a price of $13.65 per share to cover tax obligations arising from vesting. In addition, entities associated with Schmitz, including a GRAT and his spouse, made bona fide gifts of 265,250 shares each as part of estate planning permitted under a lock-up agreement tied to a public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
530,500 shares gifted
Gift
14 txns
Insider
Schmitz John
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 143,084 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 66,952 | $13.65 | $914K |
| Gift | Class A Common Stock | 265,250 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 265,250 | $0.00 | $0.00 |
| 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 — 548,275 shares (Indirect, By GRAT);
Class A Common Stock — 265,250 shares (Indirect, By Spouse);
Class A Common Stock — 940,864 shares (Direct);
Class A Common Stock — 13,126 shares (Indirect, By B-29 GP, LLC);
Class A Common Stock — 249,243 shares (Indirect, By B-29 Investments, LP);
Class A Common Stock — 1,496,626 shares (Indirect, By Family Trust);
Class A Common Stock — 31,372 shares (Indirect, By Family Trust for Child 1);
Class A Common Stock — 31,373 shares (Indirect, By Family Trust for Child 2);
Class A Common Stock — 31,373 shares (Indirect, By Family Trust for Child 3);
Class A Common Stock — 31,372 shares (Indirect, By Family Trust for Child 4);
Class A Common Stock — 31,373 shares (Indirect, By Family Trust for Child 5);
Class A Common Stock — 31,373 shares (Indirect, By Family Trust for Child 6)
Footnotes (6)
- F1. The transaction reported herein represents a gift of shares of common stock of Select Water Solutions, Inc. (the "Issuer"). This transaction was arranged prior to the commencement of the Issuer's public offering of common stock on February 19, 2026 and is being made pursuant to the lock-up agreement entered into by the Reporting Person and J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the underwriters in connection with the offering, which permits bona fide estate planning transfers during the lock-up period.
- F2. Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
- F3. These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest 1/3 on February 24, 2027, 1/3 on February 24, 2028, and 1/3 on February 24, 2029.
- F4. Represents the distribution of shares from a Grantor Retained Annuity Trust (GRAT) as an annuity payment to the reporting person, who is the grantor of the trust.
- F5. Represents shares to be withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.
- F6. Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Select Water (WTTR) CEO John Schmitz receive?
John Schmitz received 143,084 shares of restricted Class A common stock at no cost. The award was granted under Select Water Solutions’ 2024 Equity Incentive Plan and vests in three equal tranches on February 24, 2027, 2028, and 2029.
How will taxes be handled on John Schmitz’s Select Water restricted stock vesting?
Select Water will withhold 66,952 shares of Class A common stock at a price of $13.65 per share. These withheld shares cover tax withholding obligations triggered when certain restricted stock vested for CEO John Schmitz.
Were any of John Schmitz’s Select Water (WTTR) transactions open-market sales?
No open-market sales are reported. Dispositions consist of a tax-withholding transaction, where shares are withheld by the issuer, and bona fide gifts of shares by entities associated with John Schmitz for estate planning purposes under an existing lock-up agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
