Ballard Westervelt T. JR 4
4 · Stabilis Solutions, Inc. · Filed Feb 20, 2024
Insider Transaction Report
Form 4
Ballard Westervelt T. JR
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2024-02-19+7,764→ 410,242 total - Tax Payment
Common Stock
2024-02-19−1,965→ 408,277 total - Exercise/Conversion
Restricted Stock Units
2024-02-19−7,764→ 7,765 total→ Common Stock (7,764 underlying)
Footnotes (4)
- [F1]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. This transaction represents the settlement of RSUs in shares of Common Stock.
- [F2]Value of shares based on the closing price of the stock on the vesting date, $4.455. Shares withheld by issuer to satisfy tax withholding on vesting of RSU.
- [F3]The RSUs were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.
- [F4]Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting. The RSUs were settled for shares of Common Stock.