YOUNG WILLIAM JOHN 4
4 · Smart Sand, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Smart Sand (SND) COO William Young Receives Performance Awards
What Happened William John Young, Chief Operating Officer of Smart Sand, received two performance-based stock awards on February 27, 2026 totaling 60,691 shares (27,879 ROIC-based; 32,812 free-cash-flow-based) at $0.00 per share. To satisfy tax withholding, 17,292 of those shares were disposed (withheld) at $5.19 per share, generating proceeds of approximately $89,745. The awards were confirmed vested based on performance for the 2023–2025 performance period.
Key Details
- Transaction date: February 27, 2026; Form 4 filed March 3, 2026 (timely — within the SEC’s two-business-day window).
- Awards: 27,879 ROIC-based shares and 32,812 free-cash-flow-based shares, acquired at $0.00.
- Withholding (F): 17,292 shares disposed at $5.19 to cover taxes, netting about $89,745.
- Shares owned after the transaction: not reported in the provided excerpt of the filing.
- Footnotes: F1/F2 confirm achievement of ROIC and free cash flow goals for Jan 1, 2023–Dec 31, 2025; F3 explains the 17,292 shares were withheld for tax purposes.
- Transaction codes: A = Award/Grant; F = Tax withholding.
Context These were performance awards that vested after the company confirmed achievement of specified ROIC and free-cash-flow goals for the 2023–2025 period. The disposal of 17,292 shares was a routine tax-withholding action (not an open-market sale for investment purposes). Receiving vested awards increases insider equity, though the net new shares to the insider are reduced by the withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+27,879→ 619,328 total - Award
Common Stock
[F2]2026-02-27+32,812→ 652,140 total - Tax Payment
Common Stock
[F3]2026-02-27$5.19/sh−17,292$89,745→ 634,848 total
Footnotes (3)
- [F1]Reflects the number of shares earned in respect of ROIC-based performance award shares originally granted on March 17, 2023. On February 27, 2026, the Issuer confirmed the achievement of the applicable performance metric, which was based on a relative annual Return on Invested Capital (ROIC) goal for the performance period commencing on January 1, 2023 and continuing through December 31, 2025.
- [F2]Reflects the number of shares earned in respect of free cash flow based performance award shares originally granted on March 17, 2023. On February 27, 2026, the Issuer confirmed the achievement of the applicable performance metric, which was based on a relative annual free cash flow goal for the performance period commencing on January 1, 2023 and continuing through December 31, 2025.
- [F3]Represents the number of shares withheld for tax purposes upon the vesting of ROIC-based and free cash flow based performance shares originally granted to the Reporting Person on March 17, 2023.