Christopher M. Powell - 01 Mar 2024 Form 4 Insider Report for Solaris Oilfield Infrastructure, Inc. (SEI)

Signature
/s/ Christopher M. Powell
Issuer symbol
SEI
Transactions as of
01 Mar 2024
Net transactions value
-$70,360
Form type
4
Filing time
05 Mar 2024, 18:38:55 UTC
Previous filing
03 Mar 2023
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOI Class A Common Stock Award $0 +63,274 +68% $0.000000 156,009 01 Mar 2024 Direct F1, F2
transaction SOI Class A Common Stock Tax liability $70,360 -8,307 -5.3% $8.47 147,702 01 Mar 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 61,827 shares from Restricted Stock Award granted pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan on the date indicated. The award vests in three equal installments on the first three anniversaries of the grant date.
F2 Includes 1,447 shares vested from Performance-Based Restricted Stock Unit (PSU) Agreement pursuant to the Solaris Oilfield Infrastructure, Inc. Long Term Incentive Plan. The PSUs, which were originally granted on March 1, 2023, vested based on the issuer's level of achievement with respect to relative total stockholder return during the applicable performance period (which began on January 1, 2023 and ended on December 31, 2023).
F3 Represents shares withheld by the Company to satisfy tax withholding obligations upon the vesting of previously granted Restricted Stock Awards and Performance-Based Restricted Stock Awards.
F4 Includes 105,583 shares of Class A common stock subject to previously granted Restricted Stock Awards that remain subject to vesting.