ESOPJun 8, 2026, 04:07 PM
Smart Sand Stockholders Approve 2026 Equity Incentive & ESPP
AI Summary
Smart Sand, Inc. stockholders approved the 2026 Equity Incentive Plan and the 2026 Employee Stock Purchase Plan (ESPP) at their Annual Meeting on June 2, 2026. The Equity Incentive Plan replaces the previous 2016 plan and reserves 2,400,000 new shares, in addition to certain shares from the prior plan. The ESPP reserves 3,000,000 shares, allowing eligible employees to purchase common stock at a discounted price through payroll deductions. Both plans are effective immediately and are set to expire in 2036.
Key Highlights
- Stockholders approved the Smart Sand, Inc. 2026 Equity Incentive Plan.
- Stockholders approved the Smart Sand, Inc. 2026 Employee Stock Purchase Plan (ESPP).
- The 2026 Equity Incentive Plan reserves 2,400,000 new shares, plus shares from the prior 2016 plan.
- The ESPP reserves 3,000,000 shares for eligible employee purchases.
- ESPP allows employees to purchase common stock at 85% of the lower fair market value.
- Both plans became effective immediately and will expire on June 1, 2036.
- The Annual Meeting was held on June 2, 2026, with 42,985,681 shares outstanding.
Price Impact
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