Skarke Michael 4

What Happened

• Michael Skarke, EVP & COO of Select Water Solutions, received 21,375 shares on 2026-02-09 pursuant to performance share units (PSUs) that vested. The award is reported as an acquisition (code A) at $0.00 (PSUs converting to shares).
• To satisfy tax withholding obligations, 8,914 of those shares were withheld (reported as a disposition, code F) at $12.96 per share for a withholding value of $115,525. Net shares delivered to Skarke after withholding: 12,461 (21,375 − 8,914). The gross value of the vested award at $12.96/share is about $277,020; net value retained is about $161,495.

Key Details

• Transaction date: 2026-02-09; Form filed 2026-02-10 (timely filing).
• Award: 21,375 shares (code A) reported at $0.00 (PSUs vesting).
• Withholding: 8,914 shares withheld (code F) at $12.96/share = $115,525 to satisfy tax obligations.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1—shares represent PSUs earned from a 2/24/2023 PSU award whose performance conditions were satisfied; F2—shares withheld by the company to satisfy tax withholding on vesting.
• Transaction codes explained: A = award/grant (acquisition), F = tax withholding/disposition.

Context

• This was not a market purchase or open-market sale; it reflects PSUs vesting into shares and the company withholding shares to cover taxes (a common, administrative transaction). No immediate sale of remaining shares is reported in this filing.
• For retail investors, vested awards indicate compensation realization by the executive but do not by themselves signal a buy or sell opinion; tax-withholding dispositions are routine.