Ortowski Cody 4

What Happened

• Cody Ortowski, Executive Vice President, Business Strategy at Select Water Solutions, received an award of 32,552 restricted shares on February 24, 2026 (transaction code A). Concurrently, 14,694 shares were disposed/withheld (transaction code F) to satisfy tax withholding obligations at a per-share value of $13.65, totaling approximately $200,573. The award shares were granted at $0.00 (no cash paid).

Key Details

• Transaction dates: February 24, 2026 (reported on Form 4 filed February 26, 2026).
• Grant: 32,552 restricted shares (acquired at $0.00).
• Withholding/disposition: 14,694 shares withheld at $13.65/share — $200,573 total tax withholding.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes:
  • Vesting schedule: the restricted shares vest one-third on each of Feb 24, 2027; Feb 24, 2028; and Feb 24, 2029 (Footnote F1).
  • The 14,694 shares were withheld by the company to satisfy tax withholding obligations arising upon vesting (Footnote F2).
• Filing timing: Form filed Feb 26 for Feb 24 transactions; appears to be timely based on the filing dates provided.

Context

• This was a grant of restricted stock (not an open-market purchase or an option exercise). The withheld shares represent a routine tax-withholding action — common when restricted shares vest or are delivered — and do not necessarily indicate a voluntary sale by the insider.
• For retail investors: grants signal compensation/retention and vest over time; withheld shares to cover taxes are administrative and typically unrelated to sentiment about the company.