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Stabilis Solutions, Inc. — Director's Dealing 2023
Aug 25, 2023
34354_dirs_2023-08-25_9e746a07-3d67-464a-9273-b6970bd0d114.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Stabilis Solutions, Inc. (SLNG)
CIK: 0001043186
Period of Report: 2023-08-23
Reporting Person: Ballard Westervelt T. JR (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-23 | Common Stock | M | 125000 | — | Acquired | 432916 | Direct |
| 2023-08-23 | Common Stock | F | 30438 | — | Disposed | 402478 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-08-23 | Restricted Stock Units | $ | M | 125000 | Disposed | Common Stock (125000) | Direct |
Footnotes
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.