Form 4: Solaris Oilfield Infrastructure Director Acquires Shares Through Restricted Stock Award

Director A.J. Teague acquired 12,372 shares of Solaris Oilfield Infrastructure, Inc. Class A Common Stock through a restricted stock award on August 23, 2024.

Summary

• On August 23, 2024, A.J. Teague, a director of Solaris Oilfield Infrastructure, Inc., acquired 12,372 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 $0.
• The restricted stock award vests in full on the first anniversary of the grant date.
• Following the transaction, Teague directly owns 92,459 shares of Class A Common Stock, which includes 12,372 shares subject to vesting restrictions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard transaction (restricted stock award) for a director, indicating alignment with company goals but not necessarily a strong positive or negative signal.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This type of stock award is common in the oilfield services industry as a way to incentivize and retain key personnel.

Comparison to Industry Standards

• Restricted stock awards are a typical component of executive compensation packages in the oilfield services industry, aligning management's interests with those of shareholders.
• Companies like Schlumberger, Halliburton, and Baker Hughes also utilize similar long-term incentive plans.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates a director's commitment to the company.

Key Dates