Form 4 for SLNG Stabilis Solutions, Inc.
Accepted 2023-08-25 00:00:00 ET · period of report 2023-08-23 · accession 0001437749-23-024689 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-25 | 2023-08-23 | SLNG | Ballard Westervelt T. JR | Pres, CEO, Dir | F - Tax | $0.00 | -30.4K | 402.5K | -7% | $0 |
| D | 2023-08-25 | 2023-08-23 | SLNG | Ballard Westervelt T. JR | Pres, CEO, Dir | M - OptEx | $0.00 | +125.0K | 432.9K | +41% | $0 |
| D | 2023-08-25 | 2023-08-23 | SLNG | Ballard Westervelt T. JR | Pres, CEO, Dir | M - OptEx | $0.00 | -125.0K | 15.5K | -89% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-08-23 | F | D | 30,438 | $0.00 | 402,478 | D | — | — | (F3) Value of the shares based on the closing price of the stock on the vesting date. |
| 2 | Common | Common Stock | 2023-08-23 | M | A | 125,000 | $0.00 | 432,916 | D | — | — | (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. |
| 3 | Derivative | Restricted Stock Units | 2023-08-23 | M | D | 125,000 | $0.00 | 15,529 | D | — · — to — | 125,000 Common Stock | (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. (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. |