Solaris Energy Infrastructure, Inc.·4

Mar 3, 5:52 PM ET

Durrett Cynthia M. 4

Research Summary

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Solaris (SEI) CAO Cynthia Durrett Receives Award, Shares Withheld

What Happened

  • Cynthia M. Durrett, Chief Administrative Officer and a Director of Solaris Energy Infrastructure, received restricted stock awards and settled vested performance-based awards on March 1, 2026. The filing shows two grant/award acquisitions: 21,444 shares and 28,871 shares (both at $0.00 as awards).
  • To satisfy tax withholding on the vesting/settlement, 26,940 shares were withheld/disposed at $49.63 per share, equal to approximately $1,337,032. The awards include both time‑based restricted stock and performance‑based restricted stock units that vested and were settled based on achievement of performance goals.

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (timely — within the 2-business-day reporting window).
  • Awards: 21,444 and 28,871 shares granted (awards shown at $0.00 per share because they are compensation grants).
  • Tax withholding: 26,940 shares withheld/disposed at $49.63/share for ~$1,337,032 to satisfy tax obligations upon vesting.
  • Footnotes: Awards granted under Solaris’ Long Term Incentive Plan; PSUs from prior grants (3/1/2023, 3/1/2024, 3/1/2025) vested and were settled based on performance. 63,581 Class A shares remain subject to future vesting per the filing.
  • Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

  • This action reflects vesting and settlement of compensation awards, not an open‑market investment sale or purchase. The withholding of shares to cover taxes is a common administrative step (cashless/tax‑satisfaction) and does not necessarily indicate a decision to sell for investment reasons.
  • PSUs settled here were performance‑based — their final share amount depended on Solaris’ achievement of specified goals.