WaterBridge (WBI) COO Michael Reitz Withholds 12,461 Shares for Taxes

What Happened

• Michael Howard Reitz Jr., President and Chief Operating Officer of WaterBridge Infrastructure LLC, had 12,461 Class A shares withheld to satisfy tax withholding obligations tied to the vesting and settlement of restricted share units (RSUs). The shares were valued at $30.86 each, totaling $384,546. The transaction is reported as a disposition under code F (tax withholding).

Key Details

• Transaction date: 2026-09-18; Filing date: 2026-09-22 (filed within the required two business days).
• Price per share: $30.86; Shares withheld/disposed: 12,461; Total value: $384,546.
• Shares owned after the transaction: Not reported on this Form 4.
• Footnote: RSUs vested and were settled via issuance of Class A shares under the WaterBridge Long-Term Incentive Plan; the Issuer withheld shares that would otherwise have been issued to satisfy tax withholding (footnote F1).
• Transaction code: F = payment of exercise price or tax liability (here, tax withholding on RSU settlement).

Context

• This was a routine tax-withholding disposition tied to RSU vesting (a common administrative event), not an open-market sale signaling a trading decision. Such withholdings are standard and do not necessarily reflect the insider’s view on the company’s prospects.