WHELAN RONALD P 4
4 · Smart Sand, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Smart Sand (SND) EVP Ronald Whelan Receives Performance Awards
What Happened
Ronald P. Whelan, Executive Vice President of Last Mile Solutions at Smart Sand (SND), received 40,461 performance-based shares that vested on Feb 27, 2026 (two separate awards of 18,587 and 21,874 shares granted at $0.00). Concurrently, 11,610 shares were disposed (withheld) to satisfy tax withholding at $5.19 per share, representing proceeds of approximately $60,256. This was a vesting/award event (not an open-market purchase or sale); the withholding is a routine tax payment.
Key Details
- Transaction date: February 27, 2026. Form filed March 3, 2026 (appears timely).
- Awards vested: 18,587 shares (ROIC-based) and 21,874 shares (free-cash-flow–based) — total 40,461 shares acquired at $0.00.
- Tax withholding: 11,610 shares disposed at $5.19 per share for ~$60,256 (code F = tax withholding).
- Net shares added to Whelan (after withholding): 28,851 shares (40,461 vested − 11,610 withheld).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: Awards were performance shares originally granted March 17, 2023 and vested after Smart Sand confirmed achievement of ROIC and free cash flow goals for the 2023–2025 performance period.
Context: These transactions reflect standard vesting of performance-based equity and routine tax withholding rather than a market sale or deliberate buy. For retail investors, vesting confirms management met the company’s performance metrics but should not be read as a directional buy/sell signal on its own.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+18,587→ 467,097 total - Award
Common Stock
[F2]2026-02-27+21,874→ 488,971 total - Tax Payment
Common Stock
[F3]2026-02-27$5.19/sh−11,610$60,256→ 477,361 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.