Schmitz John 4

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.