John Schmitz - Feb 24, 2024 Form 4 Insider Report for Select Water Solutions, Inc. (WTTR)

Role: President/CEO, Director
Signature: /s/ John D. Schmitz by Samantha-Anne Horwitch Nadolny, as Attorney-in-Fact
Stock symbol: WTTR
Transactions as of: Feb 24, 2024
Transactions value $: -$232,615
Form type: 4
Date filed: 3/7/2024, 09:26 PM
Previous filing: Jan 4, 2024
Next filing: Jun 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WTTR	Class A Common Stock	Tax liability	-$233K	-28.4K	-1.74%	$8.18	1.6M	Mar 5, 2024	Direct	F1
holding	WTTR	Class A Common Stock						2.83M	Feb 24, 2024	By B-29 Holdings, LP
holding	WTTR	Class A Common Stock						400K	Feb 24, 2024	By B-29 Investments, LP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WTTR	Performance Share Units	Award	$0	+92.8K		$0.00	92.8K	Feb 24, 2024	Class A Common Stock	92.8K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.
F2	Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer, par value $0.01 per share, pursuant to the Select Energy Services, Inc. 2016 Equity Incentive Plan. Between 0% and 200% of the target number of PSUs granted are eligible to vest based on continued employment and the Issuer's annualized absolute total shareholder return over the period from January 1, 2024 to December 31, 2026.

Content

Represents shares to be withheld by Select Water Solutions, Inc. (the "Issuer") to satisfy tax withholding obligations of the Reporting Person that arose upon the vesting of certain restricted stock.

Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of the Issuer, par value $0.01 per share, pursuant to the Select Energy Services, Inc. 2016 Equity Incentive Plan. Between 0% and 200% of the target number of PSUs granted are eligible to vest based on continued employment and the Issuer's annualized absolute total shareholder return over the period from January 1, 2024 to December 31, 2026.