Form 4: Solaris Oilfield Infrastructure Officer Kelly L. Price Reports Changes in Beneficial Ownership

Kelly L. Price, Chief Operating Officer of Solaris Oilfield Infrastructure, Inc., reports changes in beneficial ownership of Class A Common Stock due to vesting of restricted stock awards and shares withheld for tax obligations.

Summary

• On March 1, 2024, Kelly L. Price, the Chief Operating Officer of Solaris Oilfield Infrastructure, Inc., engaged in transactions involving Class A Common Stock.
• Price acquired 75,591 shares of Class A Common Stock at $0, which includes shares from restricted stock awards and performance-based restricted stock units (PSUs) that vested.
• The PSUs vested based on the company's performance regarding relative total stockholder return from January 1, 2023, to December 31, 2023.
• Additionally, 13,908 shares were disposed of at $8.47 per share to cover tax withholding obligations related to the vesting of restricted stock awards and PSUs.
• Following these transactions, Price beneficially owns 294,183 shares of Class A Common Stock, including 133,078 shares subject to vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing primarily reports routine transactions related to stock-based compensation. The vesting of PSUs suggests the company met certain performance targets, which is mildly positive, but the disposal of shares for tax obligations is neutral.

Positives

• The vesting of restricted stock awards and PSUs indicates that the company met certain performance criteria, specifically related to total stockholder return.

Negatives

• The disposal of 13,908 shares to cover tax obligations resulted in a decrease in Price's holdings.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's confidence in the company's prospects.

Comparison to Industry Standards

• Similar filings are common across publicly traded companies, such as those in the energy sector like Schlumberger or Halliburton, where executives often receive stock-based compensation as part of their overall remuneration packages.
• The vesting schedules and performance metrics tied to restricted stock units are generally aligned with industry practices to incentivize long-term value creation for shareholders.

Stakeholder Impact

• The vesting of stock awards can be seen as a positive signal to shareholders, indicating that management is incentivized to improve company performance.
• The disposal of shares for tax obligations has a minimal impact on stakeholders.

Key Dates