Solaris director granted 3,075 restricted shares
Solaris Energy Infrastructure, Inc. (SEI) director James R. Burke reported an acquisition of 3,075 shares of Class A Common Stock as a Restricted Stock Award granted at $0.00 per share.
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Rhea-AI Filing Summary
Solaris Energy Infrastructure, Inc. (SEI) director James R. Burke reported an acquisition of 3,075 shares of Class A Common Stock as a Restricted Stock Award granted at $0.00 per share. The award was made under the company’s Long Term Incentive Plan and vests in full on the first anniversary of the grant date. After this award, Burke holds 8,771 Class A shares directly (including unvested restricted stock), 42,734 Solaris Energy Infrastructure, LLC units directly that are exchangeable together with a corresponding number of Class B shares into Class A shares, 42,734 Class B shares with voting but no economic rights, and 800 Class A shares held indirectly through his spouse.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 3,075 | $0.00 | $0.00 |
| holding | Solaris Energy Infrastructure, LLC Units F4 | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock F3 | -- | -- | -- |
Footnotes (4)
- F1. Restricted Stock Award pursuant to the Solaris Energy Infrastructure, Inc. Long Term Incentive Plan. The award vests in full on the first anniversary of the grant date.
- F2. Includes 3,075 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.
- F3. 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.
- F4. Subject to the terms of the Second Amended and Restated Limited Liability Company Agreement of Solaris Energy Infrastructure, LLC ("Solaris LLC"), dated as of May 11, 2017, as amended from time to time, included as Exhibit 10.1 to the Issuer's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on May 17, 2017, the units in Solaris LLC (together with a corresponding number of shares of Class B common stock of the Issuer) are exchangeable from time to time for shares of Class A common stock of the Issuer.
Key Figures
Key Terms
Restricted Stock Award financial
Long Term Incentive Plan financial
Class B common stock financial
exchangeable financial
Limited Liability Company Agreement regulatory
FAQ
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What did SEI director James R. Burke report on this Form 4?
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