X0306
4
2019-02-09
0
0001704235
Quintana Energy Services Inc.
QES
0001714015
Baker Christopher J.
1415 LOUISIANA STREET, SUITE 2900
HOUSTON
TX
77002
0
1
0
0
See Remarks
Common stock
2019-02-09
4
M
0
12667
A
93654
D
Common stock
2019-02-09
4
F
0
4347
4.95
D
89307
D
Common stock
2019-02-09
4
M
0
7600
A
96907
D
Common stock
2019-02-09
4
F
0
2608
4.95
D
94299
D
Restricted Stock Unit
2019-02-09
4
M
0
12668
0
D
Common stock
12668.0
25332
D
Performance Share Unit
2019-02-09
4
M
0
7600
0
D
Common stock
7600.0
15200
D
Represents the conversion upon vesting of certain restricted stock units into common stock of the Company. As previously reported on April 20, 2018, the reporting person was granted 38,000 restricted stock units on April 18, 2018, of which one-third vested on February 9, 2019 in accordance with the Company's 2018 Long Term Incentive Plan. Vesting shall occur on the remaining restricted stock units on the first and second anniversaries of February 9, 2019.
Each restricted stock unit represents the right to receive, upon vesting, one share of Company common stock.
Reflects 4,347 shares withheld by the Company at the market price of $4.95 per share to fund the payment of taxes for the restricted stock unit conversion.
Represents the conversion upon vesting of certain performance share units (PSUs) into common stock of the Company. As previously reported on April 20, 2018, the reporting person was previously awarded 76,000 under the Company's Long Term Incentive Plan on April 18, 2018. The PSUs vest and are settled when they have performance vested in accordance with certain achieved goals that are based on (i) relative total stockholder return and (ii) absolute total stockholder return. It has been determined that 22,800 of those PSUs are earned and eligible for vesting. On February 9, 2019, one-third of the PSUs earned were vested and settled. Should the reporting person satisfy the service requirement applicable to such earned performance units, vesting shall occur on the remaining PSUs in equal installments on the first and second anniversaries of February 9, 2019
Reflects 2,608 shares withheld by the Company at the market price of $4.95 per share to fund the payment of taxes for the performance share unit conversion.
Each performance share unit represents the right to receive, upon vesting, one share of Company common stock.
Executive Vice President and Chief Operating Officer
/s/ Max L. Bouthillette, attorney-in-fact
2019-02-12