4Filed Aug 19, 8:00 PM ET
Smart Sand (SND) Director Francis Porcelli Receives Award
$SND · Smart Sand, Inc.Research Summary
AI-generated summary of this SEC filing
Smart Sand (SND) Director Francis Porcelli Receives Award
What Happened
Francis Michael Porcelli, a director of Smart Sand, Inc. (SND), was granted 18,868 restricted shares on August 19, 2026. The shares were reported as an acquisition at $0.00 (non‑cash award), so no purchase price or immediate cash value was paid by the insider.
Key Details
- Transaction date: 2026-08-19 (reported on Form 4 filed 2026-08-20). Transaction code: A (award/grant).
- Grant size and price: 18,868 restricted shares @ $0.00 (total reported cash consideration $0).
- Vesting: The shares vest on the one‑year anniversary of the grant (Aug 19, 2027), subject to continued service. (Footnote F1)
- Shares owned after transaction: Not specified in the filing.
- Filing timeliness: Reported promptly (no late filing indicated).
Context
Restricted stock grants are a common form of compensation and retention for executives and directors. They do not represent an open‑market purchase or sale and do not indicate an immediate change in market exposure until shares vest and/or are sold.