Ramachandran Kyle S. 4
Research Summary
AI-generated summary
Solaris (SEI) President Kyle Ramachandran Receives Award, Sells Shares
What Happened
- Kyle S. Ramachandran, President of Solaris Energy Infrastructure, was granted/received a total of 87,343 shares (37,004 and 50,339) on March 1, 2026 (awarded at $0.00). On the same date 49,902 shares were disposed/withheld at $49.63 per share to satisfy tax obligations, generating proceeds of approximately $2,476,636. Net of the withholding, the filing shows a net increase of 37,441 shares from these transactions.
Key Details
- Transaction dates: March 1, 2026 (reported on Form 4 filed March 3, 2026). Report appears timely.
- Grant entries coded A (award/grant); disposition coded F (tax withholding/payment of tax liability).
- Grant sizes: 37,004 and 50,339 shares awarded at $0.00; 49,902 shares withheld/disposed at $49.63 for $2,476,636.
- Net new shares received after withholding: 37,441 shares (87,343 awarded minus 49,902 withheld).
- Footnotes: awards include Restricted Stock Awards (vest in three equal annual installments) and vested Performance-Based RSUs (PSUs) from 2023–2025 that settled based on performance (F1–F3, F4). 115,190 Class A shares remain subject to vesting per the filing.
- Transaction code F indicates shares were withheld to satisfy tax withholding — not an open-market sell for investment purposes.
Context
- These transactions are award vestings/settlements with shares withheld to cover taxes, a common administrative step when restricted stock/PSUs vest. This is not a typical open-market sale signaling a change in sentiment; instead it reflects tax withholding on newly vested awards.