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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 150,000 | $0.00 | -- |
| Grant/Award | Class A Common Stock | 115,656 | $0.00 | -- |
| holding | Solaris Energy Infrastructure, LLC Units | -- | -- | -- |
| holding | Solaris Energy Infrastructure, LLC Units | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted Stock Award granted pursuant to the Solaris Energy Infrastructure, Inc. Long Term Incentive Plan on the date indicated. The award vests in three equal installments on the first three anniversaries of the grant date. Reflects the vesting and settlement of shares that relate to multiple Performance-Based Restricted Stock Unit (PSU) awards granted pursuant to the Solaris Energy Infrastructure, Inc. Long Term Incentive Plan. The PSUs which were originally granted on March 1, 2023, March 1, 2024 and March 1, 2025 vested and were settled based on the Issuer's level of achievement with respect to the applicable performance goals Includes 387,755 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting. Each share of Class B common stock has no economic rights but entitles the holder to one vote on all matters to be voted on by the stockholders generally. Represents shares held by Solaris Energy Capital. The Reporting Person is the sole member of Solaris Energy Capital and has the authority to vote or dispose of the shares held by Solaris Energy Capital in his sole discretion. The Reporting Person disclaims beneficial ownership of the shares held by Solaris Energy Capital in excess of his pecuniary interest therein. Subject to the Solaris LLC Agreement, the Solaris LLC Units (together with a corresponding number of shares of Class B common stock) are exchangeable from time to time for shares of Class A common stock of the Issuer.
