4//SEC Filing
Ballard Westervelt T. JR 4
Accession 0001437749-23-024689
CIK 0001043186other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 4:46 PM ET
Size
9.2 KB
Accession
0001437749-23-024689
Insider Transaction Report
Form 4
Ballard Westervelt T. JR
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2023-08-23+125,000→ 432,916 total - Exercise/Conversion
Restricted Stock Units
2023-08-23−125,000→ 15,529 total→ Common Stock (125,000 underlying) - Tax Payment
Common Stock
2023-08-23−30,438→ 402,478 total
Footnotes (5)
- [F1]RSU vesting - See additional details at footnotes 2, 3 and 4
- [F2]The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Amended and Restated Stabilis Solutions, Inc. 2019 Long Term Incentive Plan (the "Plan"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
- [F3]Value of the shares based on the closing price of the stock on the vesting date.
- [F4]Awarded 500,000 RSUs on 8/23/21; 250,000 RSUs vested immediately; 125,000 RSUs vested on 8/23/22; and 125,000 RSUs vested on 8/23/23 (presented above). Awarded 23,293 RSUs on 2/18/22 with 3 Year Graded vesting schedule; 7,764 RSUs vested on 2/18/23; the balance, 15,529, vests equally 2/18/24 and 2/18/25.
- [F5]Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
Documents
Issuer
Stabilis Solutions, Inc.
CIK 0001043186
Entity typeother
Related Parties
1- filerCIK 0001541112
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 4:46 PM ET
- Size
- 9.2 KB