Lyons Michael James 4
4 · Select Water Solutions, Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Select Water (WTTR) EVP Michael Lyons Receives PSU Award
What Happened
Michael James Lyons, EVP, Chief Strategy Officer & CTO of Select Water Solutions (WTTR), received 10,602 shares when performance share units (PSUs) vested on March 5, 2026 (report filed March 9, 2026). To satisfy tax withholding obligations, 3,430 of those shares were withheld at an attributed price of $14.03 per share, representing $48,123. The award shares were reported as acquired at $0.00 because they resulted from the vesting of PSUs.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely filing).
- Award: 10,602 shares (code A) reported as acquired at $0.00.
- Tax withholding: 3,430 shares (code F) withheld/disposed at $14.03 / share = $48,123.
- Shares owned after the transaction: not specified in the available filing.
- Footnotes: PSUs were earned under a Feb 24, 2023 award (vesting satisfied). Withheld shares were surrendered to the company to satisfy tax withholding on vesting.
Context
This was a vesting of performance-based equity (PSUs), not an open-market purchase or a voluntary sale. The withholding of shares to cover taxes is a routine payroll tax action (a non-cashless disposition to satisfy withholding) and does not necessarily signal a change in insider sentiment.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-03-05+10,602→ 148,025 total - Tax Payment
Class A Common Stock
[F2]2026-03-05$14.03/sh−3,430$48,123→ 144,595 total
Footnotes (2)
- [F1]The reported shares are represented by performance share units ("PSUs") earned pursuant to the terms of a performance share unit award granted on February 24, 2023, to the reporting person for which the performance conditions were satisfied.
- [F2]Represents shares to be withheld by Select Water Solutions, Inc., a Delaware corporation ("the Issuer") to satisfy tax withholding obligations of the reporting person that arose upon vesting of the PSUs.