Select Water Solutions (NYSE: WTTR) CEO gets new stock and PSU grants
Rhea-AI Filing Summary
Schmitz John reported acquisition or exercise transactions in this Form 4 filing.
Select Water Solutions, Inc. disclosed new equity awards to President & CEO John Schmitz effective July 16, 2026. He received 250,000 shares of Class A restricted stock at no cost, vesting 50% on July 16, 2028 and 50% on October 1, 2028, and nine grants of 125,000 performance share units each. The PSUs are earned only if average stock-price targets are met in specified quarters from October 2026 through December 2028, with any earned units vesting on January 1, 2029 as Class A shares. Following the stock grant he holds 536,436 shares directly, plus additional indirect holdings through trusts and investment entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 250,000 shares
Net Buy
23 txns
Insider
Schmitz John
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units F6, F7 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F8 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F9 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F10 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F11 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F12 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F13 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F14 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Units F6, F15 | 125,000 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F1 | 250,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
| 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:
Performance Share Units — 1,125,000 shares (Direct);
Class A Common Stock — 536,436 shares (Direct);
Class A Common Stock — 1,544,123 shares (Indirect, By GRAT);
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 (15)
- F1. These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan (the "Plan"), will vest 1/2 on July 16, 2028, and 1/2 on October 1, 2028.
- F10. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2027 to September 30, 2027, and if earned, shall vest on January 1, 2029.
- F11. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2027 to December 31, 2027, and if earned, shall vest on January 1, 2029.
- F12. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2028 to March 31, 2028, and if earned, shall vest on January 1, 2029.
- F13. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2028 to June 30, 2028, and if earned, shall vest on January 1, 2029.
- F14. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2028 to September 30, 2028, and if earned, shall vest on January 1, 2029.
- F15. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2028 to December 31, 2028, and if earned, shall vest on January 1, 2029.
- F2. Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
- F3. Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
- F4. Shares are held directly by the John David Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
- F5. Shares are held directly by the Sandra Lee Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
- F6. Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of Select Water Solutions, Inc. (the "Issuer"), par value $0.01 per share ("Common Stock"), pursuant to the Plan.
- F7. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2026 to December 31, 2026, and if earned, shall vest on January 1, 2029.
- F8. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2027 to March 31, 2027, and if earned, shall vest on January 1, 2029.
- F9. The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2027 to June 30, 2027, and if earned, shall vest on January 1, 2029.
Key Figures
Restricted stock grant: 250000.0000 shares
Direct holdings after grant: 536436.0000 shares
PSU grant size per tranche: 125000.0000 units
+4 more
7 metrics
Restricted stock grant
250000.0000 shares
Class A common stock awarded on July 16, 2026 under the 2024 Equity Incentive Plan
Direct holdings after grant
536436.0000 shares
Class A common stock held directly by John Schmitz following the July 16, 2026 award
PSU grant size per tranche
125000.0000 units
Each performance share unit grant represents a contingent right to one share of Class A common stock
Family Trust holdings
1496626.0000 shares
Class A common stock reported as held indirectly by a Family Trust
B-29 Investments, LP holdings
249243.0000 shares
Indirect Class A common stock holdings via B-29 Investments, LP
B-29 GP, LLC holdings
13126.0000 shares
Indirect Class A common stock holdings via B-29 GP, LLC
PSU vesting date
January 1, 2029
If performance conditions are met, target PSUs vest on this date as Class A shares
Key Terms
Performance Share Units, restricted stock, Equity Incentive Plan, GRAT, +1 more
5 terms
restricted stock financial
"These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan"
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.
Equity Incentive Plan financial
"granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan (the "Plan")"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
GRAT financial
"nature_of_ownership" : "By GRAT" for certain indirect Class A common stock holdings"
average closing price financial
"eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock"
The average closing price is the arithmetic mean of a security’s end-of-day prices over a chosen period, found by adding each day’s closing price and dividing by the number of days. It smooths out daily ups and downs to show a typical market value—like averaging daily temperatures to understand a month’s climate—and helps investors spot trends, judge whether a stock is generally rising or falling, and make clearer buy or sell decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did WTTR President & CEO John Schmitz receive on July 16, 2026?
On July 16, 2026, John Schmitz received 250,000 shares of Class A restricted stock and nine grants of 125,000 performance share units each. Every PSU represents a contingent right to one share of Class A stock, subject to stock‑price performance conditions and future vesting dates.