Select Water Solutions (NYSE: WTTR) CAO logs PSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Select Water Solutions, Inc. Chief Accounting Officer Brian Szymanski reported stock-based compensation activity in Class A common stock. He acquired 17,885 shares through the earning of performance share units granted in February 2023, then disposed of 7,843 shares that were withheld to cover tax obligations, leaving 134,752 shares owned directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Szymanski Brian
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 17,885 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 7,843 | $14.03 | $110K |
Holdings After Transaction:
Class A Common Stock — 142,595 shares (Direct)
Footnotes (1)
- 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 Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.
FAQ
What insider transactions did WTTR executive Brian Szymanski report on this Form 4?
Brian Szymanski reported acquiring 17,885 shares of Class A common stock from performance share units and disposing of 7,843 shares. The disposed shares were withheld by Select Water Solutions, Inc. to satisfy tax withholding obligations arising from the vesting of those units.
Were Brian Szymanski’s WTTR Form 4 transactions open-market purchases or sales?
The Form 4 shows no open-market trades. Shares were acquired through the earning of performance share units, and shares were disposed of only because Select Water Solutions, Inc. withheld 7,843 shares to cover tax liabilities triggered by the PSU vesting event.
Does Brian Szymanski’s WTTR Form 4 suggest a change in investment sentiment?
The transactions reflect routine equity compensation and tax withholding, not discretionary trading. Shares were acquired through performance share unit vesting and partly withheld for taxes, which is a standard administrative mechanism rather than an expression of changing investment views.