Form 4: SLR Investment Corp. Executive Michael Gross Reports Changes in Beneficial Ownership

Michael S. Gross, Co-CEO, President, and Chairman of the Board of SLR Investment Corp., reports transactions involving restricted stock units and common stock.

Summary

• On March 13, 2025, Michael S. Gross reported transactions related to SLR Investment Corp. (SLRC) common stock and restricted stock units (RSUs).
• Gross, as an administrator of the Solar Capital Partners Employee Stock Plan, LLC (SCP Plan), elected to settle 311,588.0308 RSUs previously granted to employees by paying their cash value.
• This settlement is deemed a purchase of the shares underlying the RSUs.
• New RSUs for 391,610.0309 shares were granted to certain employees of SLR Capital Partners on March 13, 2025.
• These RSUs vest in two installments: 50% on the later of March 1, 2027, and the date of the opening of the trading window, and 50% on the later of March 1, 2028, and the date of the opening of the trading window.
• Following these transactions, Gross's beneficial ownership includes shares held directly, indirectly through entities like the SCP Plan, Solar Capital Investors, LLC, Solar Capital Investors II, LLC, Solar Senior Capital Investors, LLC, SLR Capital Management, LLC, Family Trusts, and a profit-sharing plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The settlement of RSUs was approved in advance in accordance with Rule 16b-3, indicating compliance with regulations.

Future Outlook

The new RSUs granted on March 13, 2025, will vest in two installments in 2027 and 2028, subject to certain conditions.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Comparison to Industry Standards

• The document references SEC staff no-action letters to Carlyle GMS Finance, Inc. and Babson Capital Management LLC, indicating that the treatment of the employee benefit plan is consistent with regulatory guidance for business development companies and investment companies.
• The reporting of beneficial ownership and transactions in company stock is a standard practice for corporate insiders, as mandated by Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transactions reported may influence investor perception of the company's stock, but the direct impact is likely minimal.

Key Dates