4//SEC Filing
Sealy & Smith Foundation 4
Accession 0000950170-24-045865
CIK 0001984060other
Filed
Apr 18, 8:00 PM ET
Accepted
Apr 19, 1:16 PM ET
Size
9.1 KB
Accession
0000950170-24-045865
Insider Transaction Report
Form 4
Sealy & Smith Foundation
10% Owner
Transactions
- Other
Common Stock
2024-03-13+6,866→ 14,922 total(indirect: See Footnote) - Other
Common Stock
2023-12-15+8,056→ 8,056 total(indirect: See Footnote)
Holdings
- 14,816,932
Common Stock
Footnotes (2)
- [F1]Consists of shares of Common Stock underlying restricted stock units awarded to Douglas G. Rogers pursuant to the Atlas Energy Solutions Inc. 2023 Long Term Incentive Plan. Mr. Rogers is a director of the issuer, Atlas Energy Solutions Inc. ("Atlas"), and serves as Executive Director of the reporting person, The Sealy & Smith Foundation, a charitable foundation (the "Foundation"). The Foundation and Mr. Rogers have entered into an Outside Compensation Agreement dated as of November 15, 2023 (the "Agreement"), which requires that all compensation received by Mr. Rogers from Atlas in connection with Mr. Rogers' service as a director of Atlas be transferred to the Foundation. Under the Agreement, equity awards granted to Mr. Rogers subject to vesting conditions are required to be transferred, for no consideration, to the Foundation upon vesting and are held by Mr. Rogers for the benefit of the Foundation until the transfer to the Foundation is complete.
- [F2](Continued from footnote 1)The award of 8,056 RSUs granted to Mr. Rogers on December 15, 2023 vested in full on March 13, 2024. The award of 6,866 RSUs granted to Mr. Rogers on March 13, 2024 vests in full on the first anniversary of the grant date, subject to continued service by Mr. Rogers through the vesting date. Subsequent to the granting of these awards, the Foundation determined, on the advice of counsel, that it was appropriate for the Foundation to report the acquisition of indirect beneficial ownership of the underlying shares of Common Stock upon the grant of the awards to Mr. Rogers rather than reporting the direct acquisition of the shares following vesting of the awards.
Documents
Issuer
Atlas Energy Solutions Inc.
CIK 0001984060
Entity typeother
Related Parties
1- filerCIK 0001991262
Filing Metadata
- Form type
- 4
- Filed
- Apr 18, 8:00 PM ET
- Accepted
- Apr 19, 1:16 PM ET
- Size
- 9.1 KB