0001437749-23-024689.txt : 20230825
0001437749-23-024689.hdr.sgml : 20230825
20230825164626
ACCESSION NUMBER: 0001437749-23-024689
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230823
FILED AS OF DATE: 20230825
DATE AS OF CHANGE: 20230825
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ballard Westervelt T. JR
CENTRAL INDEX KEY: 0001541112
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40364
FILM NUMBER: 231209014
MAIL ADDRESS:
STREET 1: 601 POYDRAS STREET
STREET 2: SUITE 2400
CITY: NEW ORLEANS
STATE: LA
ZIP: 70130
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Stabilis Solutions, Inc.
CENTRAL INDEX KEY: 0001043186
STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924]
IRS NUMBER: 593410234
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11750 KATY FREEWAY
STREET 2: SUITE 900
CITY: HOUSTON
STATE: TX
ZIP: 77079
BUSINESS PHONE: 8324566500
MAIL ADDRESS:
STREET 1: 11750 KATY FREEWAY
STREET 2: SUITE 900
CITY: HOUSTON
STATE: TX
ZIP: 77079
FORMER COMPANY:
FORMER CONFORMED NAME: Stabilis Energy, Inc.
DATE OF NAME CHANGE: 20190724
FORMER COMPANY:
FORMER CONFORMED NAME: American Electric Technologies Inc
DATE OF NAME CHANGE: 20070516
FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN ACCESS TECHNOLOGIES INC
DATE OF NAME CHANGE: 19971117
4
1
rdgdoc.xml
FORM 4
X0508
4
2023-08-23
0001043186
Stabilis Solutions, Inc.
SLNG
0001541112
Ballard Westervelt T. JR
11750 KATY FREEWAY
SUITE 900
HOUSTON
TX
77079
1
1
President and CEO
0
Common Stock
2023-08-23
4
M
0
125000
0
A
432916
D
Common Stock
2023-08-23
4
F
0
30438
0
D
402478
D
Restricted Stock Units
2023-08-23
4
M
0
125000
0
D
Common Stock
125000
15529
D
RSU vesting - See additional details at footnotes 2, 3 and 4
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.
Value of the shares based on the closing price of the stock on the vesting date.
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.
Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
/s/ Andrew Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr.
2023-08-25