WaterBridge (WBI) Director Gregory S. Daily Receives RSU Award

What Happened

• Gregory S. Daily, a director of WaterBridge Infrastructure LLC (WBI), received an award of 4,536 restricted stock units (RSUs) on September 18, 2026. The RSUs were granted at $0.00 per unit (no cash paid), resulting in $0 reported for the transaction. This is an equity compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-18 (reported on Form 4 filed 2026-09-22).
• Grant: 4,536 RSUs; price per unit reported as $0.00; total reported value $0.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Each RSU is a contingent right to receive one Class A share; the RSUs vest on September 18, 2027 (per filing footnote F1).
• Filing timeliness: Form 4 was filed on 2026-09-22, within the SEC’s reporting window (timely).

Context

• RSU grants are a common form of compensation for executives and directors. They do not involve immediate cash outlay or an immediate change in share ownership until the RSUs vest and are settled.
• Because this is a compensation award (not a purchase), it should be viewed as routine insider compensation rather than a direct bullish or bearish trading signal.