Select Water Solutions (NYSE: WTTR) director receives 9,446-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Burnett Richard Alan reported acquisition or exercise transactions in this Form 4 filing.
Select Water Solutions, Inc. director Richard Alan Burnett received a grant of 9,446 shares of Class A common stock as equity compensation. The restricted stock was awarded at a price of $0.00 per share and increases his directly held position to 136,578 shares.
These 9,446 restricted shares were granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan and are scheduled to vest on May 6, 2027, tying the award to continued service over the three-year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burnett Richard Alan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 9,446 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 136,578 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 9,446 shares
Grant price per share: $0.00 per share
Total shares after grant: 136,578 shares
+1 more
4 metrics
Restricted stock grant
9,446 shares
Class A common stock awarded to director on May 6, 2026
Grant price per share
$0.00 per share
Restricted stock awarded as compensation, not a market purchase
Total shares after grant
136,578 shares
Director’s direct holdings following the reported transaction
Vesting date
May 6, 2027
Vesting schedule for 9,446 restricted shares under 2024 plan
Key Terms
restricted stock, 2024 Equity Incentive Plan, vesting, Grant, award, or other acquisition
4 terms
restricted stock financial
"These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2024 Equity Incentive Plan financial
"These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027."
vesting financial
"These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan, will vest on May 6, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did WTTR director Richard Alan Burnett report?
Director Richard Alan Burnett reported receiving 9,446 shares of Class A common stock as a restricted stock grant. The shares were awarded at $0.00 per share as equity compensation, increasing his directly held position to 136,578 shares after the grant.
What type of equity award did WTTR grant to Richard Alan Burnett?
Select Water Solutions granted Richard Alan Burnett 9,446 shares of restricted Class A common stock. The award was made at a stated price of $0.00 per share under the company’s 2024 Equity Incentive Plan as a non-cash compensation grant to the director.
When will Richard Alan Burnett’s WTTR restricted stock award vest?
The 9,446 restricted shares granted to Richard Alan Burnett will vest on May 6, 2027. The vesting date comes from the company’s 2024 Equity Incentive Plan terms, which link full ownership of the award to continued service through that future vesting date.
Was Richard Alan Burnett’s WTTR transaction an open-market buy or sale?
The Form 4 shows a grant coded as an acquisition, not an open-market trade. Burnett received 9,446 restricted shares at $0.00 per share as compensation, meaning there was no market purchase or sale and no cash consideration paid by the director.