Form 4: Solaris Energy Infrastructure Director Acquires Shares Through Restricted Stock Award
SEC Form 4 Filing
Director Mario Max Yzaguirre acquired 2,361 shares of Class A Common Stock in Solaris Energy Infrastructure through a restricted stock award.
Summary
- Mario Max Yzaguirre, a director at Solaris Energy Infrastructure, acquired 2,361 shares of Class A Common Stock.
- The acquisition was made through a restricted stock award under the company's Long Term Incentive Plan.
- The shares were acquired at a price of $29.65 per share.
- The restricted stock award vests in full on the first anniversary of the grant date, which was January 30, 2025.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a standard compensation practice and shows director's alignment with the company's success.
Positives
- The acquisition of shares by a director demonstrates confidence in the company's future.
Future Outlook
The restricted stock award vests in full on the first anniversary of the grant date.
Industry Context
This is a standard transaction for a director receiving stock-based compensation, which is common in the energy infrastructure sector.
Comparison to Industry Standards
- Stock-based compensation is a common practice for directors and executives in publicly traded companies, including those in the energy sector.
- Companies like Kinder Morgan, Enbridge, and Williams Companies also use stock awards as part of their compensation packages.
- The vesting schedule of one year is also a typical practice to align the interests of the director with the long-term performance of the company.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning their interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Date of the restricted stock award grant and acquisition of shares. |
| 02/03/2025 | Date of signature of the report by Christopher M. Powell, Attorney-in-Fact. |
Keywords
Solaris Energy Infrastructure, Director, Stock Acquisition, Restricted Stock Award, Class A Common Stock, Incentive Plan, Share Ownership
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