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Select Water Solutions, Inc.·4

Jul 20, 9:05 PM ET

Schmitz John 4

4 · Select Water Solutions, Inc. · Filed Jul 20, 2026

Research Summary

AI-generated summary of this filing

Updated

Select Water (WTTR) CEO John Schmitz Receives 1.375M Awards

What Happened

  • John Schmitz, President & CEO and a director of Select Water Solutions, received equity awards on July 16, 2026: 250,000 shares of restricted stock and nine performance-based PSU awards totaling 1,125,000 PSUs (each PSU = contingent right to one share). All awards were granted at $0.00 (compensation awards), for a combined target of 1,375,000 shares/rights. The Form 4 reporting the grants was filed July 20, 2026 (covering the July 16, 2026 grant).

Key Details

  • Transaction date: July 16, 2026; Form 4 filed July 20, 2026 (timely within SEC two-business-day rule).
  • Awarded: 250,000 restricted shares (vests 50% on July 16, 2028 and 50% on October 1, 2028).
  • Awarded: 1,125,000 PSUs (nine grants of 125,000 PSUs each). Each PSU is a contingent right to one share; the PSUs are earned only if specified average closing-price targets are met for their respective measurement periods. If earned, these PSUs vest on January 1, 2029.
  • Measurement periods for PSUs span quarterly windows from Oct 1, 2026 through Dec 31, 2028 (see footnotes F7–F15 for exact windows).
  • Some holdings are reported as held in annuity trusts for which Schmitz is trustee (footnotes F2–F5). Footnote F6 confirms PSU = right to one share.
  • Shares owned after the transaction were not specified in the provided filing excerpt.

Context

  • These are compensation awards (transaction code A) rather than open-market purchases or sales. The restricted stock will vest on set dates; the PSUs are performance-contingent and only convert to shares if price-based goals are met. Awards at $0 are typical for executive compensation and do not by themselves indicate buying/selling sentiment.

Insider Transaction Report

Form 4
Period: 2026-07-16
Select Water Solutions, Inc.WTTR
Schmitz John
DirectorPresident & CEO
Transactions
  • Award

    Class A Common Stock

    [F1]
    2026-07-16+250,000→ 536,436 total
  • Award

    Performance Share Units

    [F6][F7]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F8]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F9]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F10]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F11]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F12]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F13]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F14]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
  • Award

    Performance Share Units

    [F6][F15]
    2026-07-16+125,000→ 125,000 total
    → Class A Common Stock (125,000 underlying)
Holdings

  • Class A Common Stock

    [F2]
    (indirect: By GRAT)
    274,138

  • Class A Common Stock

    [F3]
    (indirect: By GRAT)
    274,137

  • Class A Common Stock

    [F4]
    (indirect: By GRAT)
    497,924

  • Class A Common Stock

    [F5]
    (indirect: By GRAT)
    497,924

  • Class A Common Stock

    (indirect: By LLC)
    13,126

  • Class A Common Stock

    (indirect: By B-29 Investments, LP)
    249,243

  • Class A Common Stock

    (indirect: By Trust)
    1,496,626

  • Class A Common Stock

    (indirect: By Trust)
    31,372

  • Class A Common Stock

    (indirect: By Trust)
    31,373

  • Class A Common Stock

    (indirect: By Trust)
    31,373

  • Class A Common Stock

    (indirect: By Trust)
    31,372

  • Class A Common Stock

    (indirect: By Trust)
    31,373

  • Class A Common Stock

    (indirect: By Trust)
    31,373
Footnotes (15)
  • [F1]These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan (the "Plan"), will vest 1/2 on July 16, 2028, and 1/2 on October 1, 2028.
  • [F10]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2027 to September 30, 2027, and if earned, shall vest on January 1, 2029.
  • [F11]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2027 to December 31, 2027, and if earned, shall vest on January 1, 2029.
  • [F12]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2028 to March 31, 2028, and if earned, shall vest on January 1, 2029.
  • [F13]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2028 to June 30, 2028, and if earned, shall vest on January 1, 2029.
  • [F14]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2028 to September 30, 2028, and if earned, shall vest on January 1, 2029.
  • [F15]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2028 to December 31, 2028, and if earned, shall vest on January 1, 2029.
  • [F2]Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
  • [F3]Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
  • [F4]Shares are held directly by the John David Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
  • [F5]Shares are held directly by the Sandra Lee Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
  • [F6]Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of Select Water Solutions, Inc. (the "Issuer"), par value $0.01 per share ("Common Stock"), pursuant to the Plan.
  • [F7]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2026 to December 31, 2026, and if earned, shall vest on January 1, 2029.
  • [F8]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2027 to March 31, 2027, and if earned, shall vest on January 1, 2029.
  • [F9]The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2027 to June 30, 2027, and if earned, shall vest on January 1, 2029.
Signature
/s/ John D Schmitz by Calla J Hackler, as Attorney-in-Fact|2026-07-20

Documents

1 file
  • 4
    primarydocument.xmlPrimary

    PRIMARY DOCUMENT