SEI Form 4: Director James Burke Receives 5,696 Restricted Class A Shares
Rhea-AI Filing Summary
Solaris Energy Infrastructure, Inc. reported an insider acquisition by director James R. Burke on 08/23/2025. The Form 4 shows a restricted stock award of 5,696 shares of Class A common stock granted under the company’s Long Term Incentive Plan that vests in full on the first anniversary of the grant date. After the transaction Mr. Burke beneficially owns 21,973 shares of Class A common stock (including the newly granted restricted shares) and an additional 42,734 Class B shares held indirectly via Solaris Energy Infrastructure, LLC units that are exchangeable into Class A shares.
Positive
- Director alignment: Award vests in one year, aligning the reporting director with shareholder interests over time
- Clear disclosure: Form 4 specifies amounts, vesting and indirect ownership via exchangeable LLC units
Negative
- No market transaction price: Restricted award recorded at $0, so the filing shows no cash investment by the director
- Inability to assess materiality: Filing does not provide total outstanding shares, so impact on dilution cannot be measured here
Insights
TL;DR: Director received restricted equity tying his economic interest to long‑term shareholder outcomes, vesting in one year.
The restricted award aligns the director with shareholders by granting 5,696 Class A restricted shares that vest in full on the first anniversary, which is a common retention and alignment mechanism. The filing also confirms indirect ownership of 42,734 Class B shares through LLC units that are exchangeable into Class A stock, preserving voting linkage while limiting immediate economic exposure. This is routine for insider compensation and does not reflect a cash purchase or sale.
TL;DR: Transaction is non‑cash, dilutive impact minimal and typical for incentive plans; monitors should note vesting timeline.
The Form 4 documents a grant under the issuer’s long‑term incentive plan rather than an open‑market acquisition, so there is no cash flow or market transaction price recorded (price $0 for the restricted award). Post‑grant beneficial ownership totals are disclosed as 21,973 Class A shares and 42,734 Class B shares via LLC units. Materiality to outstanding shares cannot be assessed from this filing alone because total share count is not provided in the document.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,696 | $0.00 | -- |
| holding | Solaris Energy Infrastructure, LLC Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- 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. Includes 5,696 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. 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.
