WaterBridge (WBI) President Michael Reitz Receives RSU Award

What Happened

• Michael Howard Reitz Jr., President and Chief Operating Officer of WaterBridge Infrastructure LLC (WBI), was granted 39,599 restricted stock units (RSUs) on 2026-08-04. The reported acquisition price is $0.00 (award), so the filing shows $0 cash paid for the RSUs. Each RSU represents a contingent right to receive one Class A share upon vesting.

Key Details

• Transaction date: 2026-08-04; Filing date: 2026-08-06 (timely Form 4 filing).
• Transaction type: Award/Grant (Form 4 code A) — 39,599 RSUs granted at $0.00.
• Vesting: RSUs vest as to 1/5 (20%) of the underlying shares on each of the first five anniversaries of July 8, 2026 (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Notable footnote: Each RSU converts to one Class A share upon vesting; vesting schedule described above.
• No indication of a 10b5-1 plan, tax-withholding sale, or sale of underlying shares in this filing.

Context

• This is an equity award (RSUs), not a market purchase or sale — awards are common as compensation/retention. RSUs vest over time, so they do not immediately increase tradable share count until each tranche vests and shares are issued. This grant does not, by itself, indicate an immediate buy or sell decision by the insider.