Schmitz John 4

What Happened

• John Schmitz, President & CEO and Director of Select Water Solutions (WTTR), reported multiple transactions around Feb 6–9, 2026. He sold 16,841 shares on 2026-02-06 at a weighted average price of $13.01 for $219,101, and sold 33,916 shares on 2026-02-09 at a weighted average price of $13.03 for $441,925 (combined open-market sales ≈ 50,757 shares for ~$661,026).
• On 2026-02-09 Schmitz also acquired 91,154 shares at $0.00 pursuant to vested performance share units (PSUs). To satisfy tax withholding on those PSUs, 36,116 shares were surrendered/withheld (reported as a disposition) with a reported value of $468,063.

Key Details

• Transaction dates/prices:
  • 2026-02-06: Sale — 16,841 shares @ $13.01 (weighted avg) = $219,101.
  • 2026-02-09: Sale — 33,916 shares @ $13.03 (weighted avg) = $441,925.
  • 2026-02-09: Award — 91,154 shares (PSUs) @ $0.00 (vested).
  • 2026-02-09: Tax withholding — 36,116 shares @ $12.96 = $468,063.
• Footnotes of note:
  • Sales on the Form 4 were effected under a 10b5-1 trading plan adopted Nov 11, 2024 (F1).
  • Sales were executed in multiple trades at slightly varying prices; the filing reports weighted averages and provides price ranges (F2, F3).
  • The 91,154 acquired shares are PSUs that vested (F4); 36,116 shares were withheld to satisfy tax obligations on vesting (F5).
  • Some shares are held in trusts for which Schmitz is trustee (F6, F7).
• Shares owned after the transactions are not specified in the summary provided here — see the official Form 4 for total post-transaction holdings.
• Filing timeliness: the report was filed Feb 10, 2026 covering a Feb 6 sale; because Form 4 is generally due within two business days of a reportable transaction, inclusion of the Feb 6 sale in a Feb 10 filing appears later than the typical two-business-day deadline.

Context

• The PSU vesting (award) and the simultaneous withholding of shares for taxes is a common compensation event; the withheld shares are not a market sale for discretionary cash but a tax-related disposition.
• The two open-market sales were executed under a pre-established 10b5-1 plan, which is an automated trading arrangement that many insiders use to avoid trading on material nonpublic information; such sales are often routine rather than a direct signal of the insider’s view on the stock.
• For retail investors: purchases are typically more informative than routine sales. Here, the material activity is a combination of routine 10b5-1 sales plus standard tax withholding on vested PSUs rather than an unsolicited large open-market purchase.