Select Water (NYSE: WTTR) CEO nets stock from PSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Select Water Solutions, Inc. President & CEO John Schmitz reported equity award activity and related tax withholding in Class A common stock. On March 5, 2026, he acquired 125,590 shares at $0.00 per share through a grant/award tied to performance share units earned from a February 24, 2023 award.
To cover tax obligations upon vesting, 49,420 shares were disposed of at $14.03 per share through a tax-withholding transaction, leaving him with 1,017,034 shares held directly after these movements. The filing also lists substantial indirect holdings, including 1,496,626 shares held by a family trust and 265,250 shares held by his spouse, along with additional trusts and investment entities associated with the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Schmitz John
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 125,590 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 49,420 | $14.03 | $693K |
| 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 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 1,066,454 shares (Direct);
Class A Common Stock — 265,250 shares (Indirect, By Spouse)
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. Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee. Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
FAQ
What insider transactions did WTTR CEO John Schmitz report on March 5, 2026?
John Schmitz reported a stock award and related tax withholding. He acquired 125,590 Class A common shares at $0.00 via a grant based on earned performance share units, and 49,420 shares were disposed of at $14.03 to satisfy tax obligations triggered by the vesting.
Are the reported WTTR insider transactions open-market buys or sales?
The filing does not show open-market trades. It records a grant of 125,590 shares from earned performance share units and a 49,420-share tax-withholding disposition at $14.03 per share, where shares are delivered to the issuer to cover tax liabilities.