YOUNG WILLIAM JOHN 4
Research Summary
AI-generated summary
Smart Sand COO William Young Withholds 3,885 Shares for Taxes
What Happened
William John Young, Chief Operating Officer of Smart Sand, had 3,885 shares withheld to cover tax obligations upon the vesting of restricted stock. The withholding was reported as a disposition at $5.45 per share, totaling approximately $21,173. This was a tax-withholding event (not an open-market sale).
Key Details
- Transaction date: June 5, 2026; reported on Form 4 filed June 9, 2026 (filed within the normal reporting window).
- Price: $5.45 per share; total value of withheld shares ≈ $21,173.
- Shares reported disposed/withheld: 3,885 (transaction code F — tax withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: F1 — Represents shares withheld for tax purposes upon vesting of restricted stock based on continued service.
Context
This was a routine tax-withholding action tied to the vesting of restricted stock. Such withholdings are administrative and do not necessarily indicate insider buying or selling sentiment; they simply satisfy tax liabilities when awards vest.