Solaris Oilfield Infrastructure Management

Management criteria checks 3/4

Solaris Oilfield Infrastructure's CEO is Bill Zartler, appointed in Jul 2018, has a tenure of 5.83 years. total yearly compensation is $2.49M, comprised of 12.9% salary and 87.1% bonuses, including company stock and options. directly owns 2.85% of the company’s shares, worth €10.50M. The average tenure of the management team and the board of directors is 6.3 years and 7 years respectively.

Key information

Bill Zartler

Chief executive officer

US$2.5m

Total compensation

CEO salary percentage	12.9%
CEO tenure	5.8yrs
CEO ownership	2.8%
Management average tenure	6.3yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Zartler's remuneration changed compared to Solaris Oilfield Infrastructure's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$20m
Dec 31 2023	US$2m	US$321k	US$23m
Sep 30 2023	n/a	n/a	US$24m
Jun 30 2023	n/a	n/a	US$26m
Mar 31 2023	n/a	n/a	US$24m
Dec 31 2022	US$3m	US$305k	US$20m
Sep 30 2022	n/a	n/a	US$16m
Jun 30 2022	n/a	n/a	US$10m
Mar 31 2022	n/a	n/a	US$3m
Dec 31 2021	US$2m	US$250k	-US$1m
Sep 30 2021	n/a	n/a	-US$3m
Jun 30 2021	n/a	n/a	-US$8m
Mar 31 2021	n/a	n/a	-US$12m
Dec 31 2020	US$1m	US$238k	-US$30m
Sep 30 2020	n/a	n/a	-US$13m
Jun 30 2020	n/a	n/a	US$1m
Mar 31 2020	n/a	n/a	US$20m
Dec 31 2019	US$2m	US$250k	US$51m
Sep 30 2019	n/a	n/a	US$49m
Jun 30 2019	n/a	n/a	US$50m
Mar 31 2019	n/a	n/a	US$48m
Dec 31 2018	US$397k	US$56k	US$41m
Sep 30 2018	n/a	n/a	US$23m
Jun 30 2018	n/a	n/a	US$11m
Mar 31 2018	n/a	n/a	US$1m
Dec 31 2017	US$2m	US$68k	-US$4m

Compensation vs Market: Bill's total compensation ($USD2.49M) is above average for companies of similar size in the German market ($USD993.65K).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Zartler (58 yo)

5.8yrs

Tenure

US$2,492,800

Compensation

Mr. William A. Zartler, also known as Bill, founded Solaris Oilfield Infrastructure, Inc. and has been its Chairman since February 2017 and has been its Chief Executive Officer since July 30, 2018. Mr. Zar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Zartler	Founder	5.8yrs	US$2.49m	2.85% $ 10.5m
Kyle Ramachandran	CFO & President	7.3yrs	US$1.52m	1.11% $ 4.1m
Kelly Price	Chief Operating Officer	7.2yrs	US$1.30m	0.97% $ 3.6m
Cynthia Durrett	Chief Administrative Officer & Director	7.2yrs	US$1.01m	0.53% $ 1.9m
Christopher Powell	Chief Legal Officer & Corporate Secretary	6.8yrs	US$1.13m	0.43% $ 1.6m
Christopher Wirtz	Chief Accounting Officer	less than a year	no data	0.11% $ 389.5k
Yvonne Fletcher	Senior Vice President of Finance & Investor Relations	5.8yrs	no data	no data
Greg Garcia	Executive Vice President of Sales & Marketing	no data	no data	no data
Brendan Gilbert	Senior Vice President of Service & Quality	4yrs	no data	no data

6.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 68S's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Zartler	Founder	7.3yrs	US$2.49m	2.85% $ 10.5m
Cynthia Durrett	Chief Administrative Officer & Director	5.2yrs	US$1.01m	0.53% $ 1.9m
William Keenan	Independent Director	7yrs	US$192.50k	0.24% $ 868.6k
A. Teague	Independent Director	7yrs	US$192.50k	0.26% $ 971.7k
James Burke	Independent Director	7yrs	US$192.50k	0.039% $ 144.5k
F. Parker	Lead Independent Director	7yrs	US$222.50k	0.25% $ 931.7k
Ray Walker	Independent Director	5.8yrs	US$192.50k	0.21% $ 789.2k
Laurie Argo	Independent Director	2.2yrs	US$192.50k	0.095% $ 349.9k
Edgar Giesinger	Independent Director	7yrs	US$220.00k	0.27% $ 991.0k

7.0yrs

Average Tenure

67yo

Average Age

Experienced Board: 68S's board of directors are considered experienced (7 years average tenure).

Solaris Oilfield Infrastructure Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €137k worth of stock

Independent Director recently sold €108k worth of stock

Chief Administrative Officer & Director recently sold €74k worth of stock

Founder recently sold €206k worth of stock

Insufficient new directors

Independent Director recently sold €86k worth of stock

Recent updates

First quarter dividend of US$0.12 announced

First quarter 2024 earnings released: EPS: US$0.14 (vs US$0.23 in 1Q 2023)

Solaris Oilfield Infrastructure, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Insider recently sold €137k worth of stock

Upcoming dividend of US$0.12 per share

Fourth quarter dividend of US$0.12 announced

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$0.82 (vs US$0.65 in FY 2022)

Solaris Oilfield Infrastructure, Inc. Approves First Quarter 2024 Dividend, Payable on March 21, 2024

Solaris Oilfield Infrastructure, Inc. to Report Q4, 2023 Results on Feb 26, 2024

Investor sentiment improves as stock rises 17%

Solaris Oilfield Infrastructure, Inc. announced that it has received CNY 690 million in funding from Zijin Mining Group Company Limited

Solaris Oilfield Infrastructure, Inc. announced that it has received CNY 690 million in funding from Zijin Mining Group Company Limited

Upcoming dividend of US$0.12 per share at 5.5% yield

Solaris Oilfield Infrastructure, Inc. Approves Fourth Quarter Dividend, Payable on December 11, 2023

Solaris Oilfield Infrastructure, Inc. Reports Unaudited Consolidated Impairment of Fixed Assets for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings released: EPS: US$0.17 (vs US$0.23 in 3Q 2022)

Solaris Oilfield Infrastructure, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Independent Director recently sold €108k worth of stock

Upcoming dividend of US$0.11 per share at 4.2% yield

Solaris Oilfield Infrastructure, Inc. Declares Quarterly Cash Dividend on Class A Common Stock, Payable on September 15, 2023

Chief Administrative Officer & Director recently sold €74k worth of stock

Investor sentiment improves as stock rises 16%

Second quarter 2023 earnings released: EPS: US$0.26 (vs US$0.17 in 2Q 2022)

Solaris Oilfield Infrastructure, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.11 per share at 5.5% yield

Solaris Oilfield Infrastructure, Inc. Declares Quarterly Cash Dividend, to Be Paid on June 16, 2023

First quarter 2023 earnings released: EPS: US$0.24 (vs US$0.11 in 1Q 2022)

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings released: EPS: US$0.67 (vs US$0.04 loss in FY 2021)

Solaris Oilfield Infrastructure, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Founder recently sold €206k worth of stock

Upcoming dividend of US$0.10 per share

Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend, Payable on December 16, 2022

Insufficient new directors

Independent Director recently sold €86k worth of stock

Third quarter 2022 earnings released: EPS: US$0.23 (vs US$0.025 in 3Q 2021)

Solaris Oilfield Infrastructure, Inc. to Report Q3, 2022 Results on Oct 31, 2022

Founder recently bought €105k worth of stock

Independent Director recently sold €66k worth of stock

Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend, Payable on September 16, 2022

Second quarter 2022 earnings released: EPS: US$0.17 (vs US$0.039 loss in 2Q 2021)

Now 21% undervalued after recent price drop

Solaris Oilfield Infrastructure, Inc. to Report Q2, 2022 Results on Aug 01, 2022

Solaris Oilfield Infrastructure, Inc.(NYSE:SOI) dropped from Russell Microcap Value Index

Upcoming dividend of US$0.10 per share

Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend, Payable on June 17, 2022

Insider recently sold €114k worth of stock

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.042 loss in 1Q 2021)

Insufficient new directors

Solaris Oilfield Infrastructure, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Insufficient new directors

Solaris Oilfield Infrastructure, Inc., Annual General Meeting, May 12, 2022

Solaris Oilfield Infrastructure, Inc. Declares a Quarterly Cash Dividend, Payable on March 17, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Solaris Oilfield Infrastructure, Inc. to Report Q4, 2021 Results on Feb 22, 2022

Founder recently bought €59k worth of stock

Insufficient new directors

Upcoming dividend of US$0.10 per share

Founder recently bought €89k worth of stock

Third quarter 2021 earnings released: EPS US$0.028 (vs US$0.12 loss in 3Q 2020)

Third quarter 2021 earnings released: EPS US$0.028 (vs US$0.12 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.039 loss per share (vs US$0.19 loss in 2Q 2020)

Solaris Oilfield Infrastructure, Inc.(NYSE:SOI) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.10 per share

Solaris Oilfield Infrastructure Announces Quarterly Cash Dividend, Payable on June 25, 2021

First quarter 2021 earnings released: US$0.039 loss per share (vs US$0.65 loss in 1Q 2020)

New 90-day high: €10.90

CFO & President recently sold €313k worth of stock