SEC Form 4 · accession 0001539285-26-000011
Select Water Solutions, Inc. · WTTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Schmitz
Officer — President & CEO · Director
Period of report
Jul 16, 2026
Accepted (ET)
Jul 20, 2026 · 9:05 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001693256
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Jul 16, 2026 | A | 250,000 | $0.00 | A | 536,436 | D | |
| Class A Common StockF2 | holding | — | — | — | 274,138 | I | By GRAT | |
| Class A Common StockF3 | holding | — | — | — | 274,137 | I | By GRAT | |
| Class A Common StockF4 | holding | — | — | — | 497,924 | I | By GRAT | |
| Class A Common StockF5 | holding | — | — | — | 497,924 | I | By GRAT | |
| Class A Common Stock | holding | — | — | — | 13,126 | I | By B-29 GP, LLC | |
| Class A Common Stock | holding | — | — | — | 249,243 | I | By B-29 Investments, LP | |
| Class A Common Stock | holding | — | — | — | 1,496,626 | I | By Family Trust | |
| Class A Common Stock | holding | — | — | — | 31,372 | I | By Family Trust for Child 1 | |
| Class A Common Stock | holding | — | — | — | 31,373 | I | By Family Trust for Child 2 | |
| Class A Common Stock | holding | — | — | — | 31,373 | I | By Family Trust for Child 3 | |
| Class A Common Stock | holding | — | — | — | 31,372 | I | By Family Trust for Child 4 | |
| Class A Common Stock | holding | — | — | — | 31,373 | I | By Family Trust for Child 5 | |
| Class A Common Stock | holding | — | — | — | 31,373 | I | By Family Trust for Child 6 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF7,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF8,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF9,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF10,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF11,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF12,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF13,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF14,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
| Performance Share UnitsF15,F6 | — | Jul 16, 2026 | A | 125,000 | A | — | — | Class A Common Stock | 125,000 | 125,000 | D |
Explanation of responses
- F1These shares of restricted stock, granted under the Select Water Solutions, Inc. 2024 Equity Incentive Plan (the "Plan"), will vest 1/2 on July 16, 2028, and 1/2 on October 1, 2028.
- F10The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2027 to September 30, 2027, and if earned, shall vest on January 1, 2029.
- F11The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2027 to December 31, 2027, and if earned, shall vest on January 1, 2029.
- F12The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2028 to March 31, 2028, and if earned, shall vest on January 1, 2029.
- F13The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2028 to June 30, 2028, and if earned, shall vest on January 1, 2029.
- F14The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from July 1, 2028 to September 30, 2028, and if earned, shall vest on January 1, 2029.
- F15The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2028 to December 31, 2028, and if earned, shall vest on January 1, 2029.
- F2Shares are held directly by the John David Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
- F3Shares are held directly by the Sandra Lee Schmitz 2024 Annuity Trust DTD November 13, 2024, of which the reporting person is the trustee.
- F4Shares are held directly by the John David Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
- F5Shares are held directly by the Sandra Lee Schmitz 2026 Annuity Trust DTD May 19, 2026, of which the reporting person is the trustee.
- F6Each performance share unit ("PSU") represents a contingent right to receive one share of Class A common stock of Select Water Solutions, Inc. (the "Issuer"), par value $0.01 per share ("Common Stock"), pursuant to the Plan.
- F7The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from October 1, 2026 to December 31, 2026, and if earned, shall vest on January 1, 2029.
- F8The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from January 1, 2027 to March 31, 2027, and if earned, shall vest on January 1, 2029.
- F9The target number of PSUs granted are eligible to be earned based on the achievement of a certain average closing price of the Issuer's Stock over the period from April 1, 2027 to June 30, 2027, and if earned, shall vest on January 1, 2029.