Select Water Solutions (NASDAQ:WTTR) reported that President and Chief Executive Officer John Schmitz sold a combined $661,026 worth of Class A common stock in two transactions executed in February.
On February 6, Schmitz disposed of 16,841 shares at a weighted average price in the $13.00 to $13.05 range. He followed that sale on February 9, moving 33,916 shares at prices between $13.00 and $13.10.
On the same date as the second sale, Schmitz is recorded as having acquired 91,154 shares of Class A common stock with a value reported as $0. In connection with tax obligations, Select Water Solutions withheld 36,116 shares valued at $12.96 per share.
The two sales were carried out under a Rule 10b5-1 trading arrangement the CEO adopted on November 11, 2024, a mechanism that specifies pre-arranged terms for insider trades.
In a separate corporate update, Select Water Solutions declared a quarterly cash dividend of $0.07 per share of Class A common stock. That distribution is scheduled to be paid on February 18, 2026, to holders of record as of February 6, 2026. The company also approved a comparable distribution for unitholders of SES Holdings, LLC under the same record and payment dates.
On the analyst front, Northland revised its coverage of Select Water Solutions, moving the stock from Outperform to Market Perform. The firm cited valuation concerns as the rationale for the downgrade while keeping a price target of $12.00. Northland noted that the company’s current valuation, represented by a 6.0x multiple on fiscal year 2026 adjusted EBITDA, appears reasonable given current share prices.
These disclosures - insider sales under a pre-arranged plan, a dividend declaration, tax-withholding share disposition, and an analyst rating change - present a set of immediate developments investors can factor into assessments of Select Water Solutions’ near-term corporate actions and market positioning.