Solaris Energy (SEI) co-CEO receives 265,656 Class A share awards
Rhea-AI Filing Summary
Zartler William A reported acquisition or exercise transactions in this Form 4 filing.
Solaris Energy Infrastructure, Inc. chairman and co-CEO William A. Zartler reported equity awards in Class A common stock. He received a 150,000-share restricted stock award that vests in three equal installments over three years, plus 115,656 shares delivered upon vesting of prior performance-based restricted stock units.
After these transactions, his directly held Class A stake increased, which includes 387,755 unvested restricted shares. The filing also lists his direct and indirect holdings of Solaris Energy Infrastructure, LLC units and associated Class B common stock, which carry voting but no economic rights.
Positive
- None.
Negative
- None.
Insights
SEI’s co-CEO reported sizable stock awards tied to time-based and performance-based vesting.
The filing shows William A. Zartler receiving 150,000 time-vested restricted shares and 115,656 shares from vested performance-based RSUs under Solaris Energy Infrastructure’s long-term incentive plan. These are equity compensation events, not open-market purchases or sales.
The restricted stock vests in three equal installments on the first three anniversaries of the grant date, aligning part of his compensation with future service. The performance-based units vested based on the company’s achievement of specified goals, linking realized value to prior performance rather than current trading activity.
FAQ
What did SEI’s William A. Zartler acquire in this Form 4 filing?
How do William A. Zartler’s new restricted stock awards at SEI vest?
What performance-based awards vested for SEI’s William A. Zartler?
What ongoing unvested equity does William A. Zartler hold in SEI?
What is the role of SEI Class B common stock in Zartler’s holdings?
How are Solaris Energy Infrastructure, LLC units related to SEI Class A stock?
What indirect holdings are attributed to Solaris Energy Capital in SEI’s filing?