Select Water (WTTR) EVP receives 34,221 restricted shares, 7,821 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Select Water Solutions EVP, CSO & CTO Michael James Lyons reported mixed equity movements in Class A common stock. He received a grant of 34,221 shares of restricted stock at $0.00 per share, awarded under the 2024 Equity Incentive Plan, scheduled to vest in three equal installments on February 24, 2027, February 24, 2028, and February 24, 2029. On the same date, 7,821 shares at $13.65 per share were withheld by the company to satisfy his tax obligations arising from the vesting of restricted stock. Following these transactions, he directly owned 137,423 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lyons Michael James
Role
EVP, CSO & CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 34,221 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,821 | $13.65 | $107K |
Holdings After Transaction:
Class A Common Stock — 145,244 shares (Direct)
Footnotes (1)
- 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. Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.
FAQ
What did WTTR executive Michael James Lyons report in this Form 4 filing?
Michael James Lyons reported a grant of 34,221 restricted Class A shares and a withholding of 7,821 shares for taxes. These transactions reflect routine equity compensation and tax settlement activity under Select Water Solutions, Inc.’s 2024 Equity Incentive Plan.
What is the vesting schedule for Michael James Lyons’ new WTTR restricted stock?
The 34,221 restricted shares will vest in three equal installments on February 24, 2027, February 24, 2028, and February 24, 2029. This staggered schedule ties the award’s full benefit to his continued service over several years.
Was there any open-market buying or selling in this WTTR Form 4 by Michael James Lyons?
No open-market buying or selling is reported. The Form 4 shows a restricted stock grant at $0.00 per share and a tax-withholding disposition, where shares were retained by the issuer to satisfy tax liabilities tied to vesting.