WaterBridge Infrastructure Director James R. Crane Receives RSU Award

What Happened
James R. Crane, a director of WaterBridge Infrastructure LLC (WBI), received an award of 4,536 restricted stock units (RSUs) on September 18, 2026. The Form 4 reports the RSUs as acquired at $0.00 per unit (total reported value $0). Per the filing, each RSU represents the contingent right to one Class A Share and the RSUs will vest on September 18, 2027.

Key Details

• Transaction date: 2026-09-18; Form 4 filed: 2026-09-22 (timely filing).
• Transaction type/code: Award/Grant (A) — 4,536 RSUs @ $0.00 (acquired).
• Vesting: RSUs vest on 2027-09-18; each RSU converts to one Class A Share upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs are contingent rights to receive Class A Shares at vesting (see filing).
• Accession: 0001193125-26-398254.

Context
RSU grants are a form of compensation and do not represent an immediate cash purchase or sale of stock. The award becomes meaningful only if and when the RSUs vest and convert to shares (and any applicable tax withholding is satisfied). Such grants are common for executive/director compensation and should not be interpreted alone as a bullish or bearish trading signal.