Lyons Michael James 4

What Happened

• Michael James Lyons, EVP, Chief Science Officer & CTO of Select Water Solutions (WTTR), received 7,695 shares on February 9, 2026 as the settlement of performance share units (PSUs) that vested. The award shares have a reported acquisition price of $0.00 (they were earned, not purchased).
• Concurrently, 2,898 of those shares were withheld by the company to satisfy the reporting person’s tax withholding obligation. The withheld shares are reported as “disposed” at an imputed price of $12.96 per share, totaling $37,558.

Key Details

• Transaction dates: Award and withholding occurred on 2026-02-09; Form 4 filed 2026-02-10 (filed the next day).
• Reported amounts: 7,695 shares acquired (PSU vesting); 2,898 shares withheld for taxes (disposed) at $12.96/share = $37,558.
• Transaction codes: A = Award/Grant (PSUs vested); F = Tax withholding (company withheld shares to satisfy taxes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — these shares result from PSUs granted Feb 24, 2023 for which performance conditions were satisfied. F2 — withheld shares represent the company satisfying the reporting person’s tax withholding obligation upon vesting.

Context

• This was not an open-market purchase or sale for cash: it was the settlement of performance-based equity and a routine share-withholding to cover taxes (a common, administrative action).
• Such awards reflect compensation and fulfillment of prior equity grants rather than a direct trading signal. The withholding is effectively a cashless tax payment and does not necessarily indicate the insider’s view on the stock.