Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.23.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2023
Stockholders' Equity  
Stockholders' Equity

9.Stockholders’ Equity

Redemptions

During the three months ended March 31, 2023 and 2022, 20,953 and 148,087, respectively, Solaris LLC units, together with an equal number of shares of our Class B common stock, were redeemed for shares of our Class A common stock on a one-for-one basis.

Dividends and Distributions

On March 3, 2023, we announced that our Board of Directors had declared a dividend on our Class A common stock for the first quarter of 2023 of $0.09 per share, which was paid on March 29, 2023 to holders of record of our Class A common stock as of the close of business on March 17, 2023. In conjunction with the dividend payment, a distribution of $0.09 per unit was paid to unit holders of Solaris LLC, subject to the same payment and record dates.

On May 8, 2023, we announced that our Board of Directors had declared a quarterly dividend of $0.09 per share for the second quarter of 2023 on our Class A common stock. The dividend will be paid on June 29, 2023, to holders of record of our Class A common stock as of the close of business on June 16, 2023. In conjunction with the dividend payment, a distribution of $0.09 per unit will be paid to unit holders of Solaris LLC subject to the same payment and record dates.