Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-19

Solaris Energy Infrastructure, Inc. (SEI)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$13,870,354
William Zartler total, FY2025
67th
CEO pay percentile vs peers
119:1
CEO-to-median pay ratio
86.37%
Say-on-pay support, latest vote
Companies that benchmark against SEI
No companies currently name SEI as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Zartler$450,000$0$12,574,354$0$825,000$0$21,000$13,870,354
Chairman and Co-Chief Executive Officer
Amanda Brock72,69206,770,0000206,000007,048,692
Co-Chief Executive Officer
Kyle Ramachandran400,00003,769,0610460,000021,0004,650,061
President and Former Chief Financial Officer
Cynthia Durrett350,00002,008,8420322,500021,0002,702,342
Director and Chief Administrative Officer
Christopher Powell375,00001,769,1560356,250021,0002,521,406
Chief Legal Officer and Corporate Secretary
Christopher Wirtz265,0000330,5480142,500021,000759,048
Chief Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
William Zartler$13,870,354$3,820,166$2,492,800+10,050,188
Amanda Brock7,048,692
Kyle Ramachandran4,650,0611,954,2791,523,960+2,695,782
Cynthia Durrett2,702,3421,233,3401,005,504+1,469,002
Christopher Powell2,521,4061,322,2221,125,647+1,199,184
Christopher Wirtz759,048

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William ZartlerRSU450,381$20,704,015
Cynthia DurrettRSU86,9293,996,126
William ZartlerPSU378,37717,393,991
Kyle RamachandranRSU158,8087,300,404
Kyle RamachandranPSU140,4826,457,958
Amanda BrockRSU125,0005,746,250
Christopher PowellRSU85,4673,928,918
Christopher WirtzPSU13,165605,195
Christopher PowellPSU77,8493,578,719
Cynthia DurrettPSU77,7263,573,064
Christopher WirtzRSU21,743999,526
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to build shareholder value by aligning the interests of NEOs with investors, attract and retain qualified management by offering competitive opportunities, and incentivize contributions to key strategic goals. The program emphasizes long-term at-risk incentive-based compensation, with cash-based compensation generally targeted toward the lower half of the peer group.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1545,600,5787,195,531291,64786.37%Passed
20252025-05-1557,319,265674,86619,84598.84%Passed
20232023-05-1635,418,1372,452,16735,06993.52%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1586.37%a
20252025-05-1598.84%b
20232023-05-1693.52%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)119 : 1
CEO total compensation
Median employee compensation$116,403
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
M. Max YzaguirreIndependent · Audit · Newly elected$64,583$235,004$299,587
Edgar R. GiesingerIndependent · Lead Independent Director · Audit (Chair) · Nominating and Governance107,500170,000277,500
Laurie H. ArgoIndependent · Audit · Compensation · Nominating and Governance (Chair)80,000175,000255,000
Ray N. Walker JrIndependent · Compensation (Chair)79,167160,000239,167
A. James TeagueIndependent · Compensation70,000160,000230,000
James R. BurkeIndependent · Nominating and Governance70,000160,000230,000
W. Howard Keenan JrIndependent70,000155,000225,000
F. Gardner ParkerIndependent · Not standing for re-election · Departed during FY31,667031,667
Amanda M. BrockEmployee director · Newly elected0
Cynthia M. DurrettEmployee director0
William A. ZartlerEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$155,000
Per board meeting fee$0
Committee chair fees (audit / comp / nom-gov)100,000 / 90,000 / 85,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$572,917
Equity awards (grant-date value)$1,215,004
All other compensation$0
Total cost of the board$1,787,921

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Solaris Energy Infrastructure, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Solaris Energy Infrastructure, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Hut 8 Corp.2025Asher Genoot$550,000$238,248,457$0$0$239,909,042
2NRG Energy, Inc.2025Lawrence Coben1,473,42316,764,47303,505,23021,788,422
3Baker Hughes Company2025Lorenzo Simonelli13,310,81903,557,70621,363,825
4Talen Energy Corporation2025Mark McFarland1,131,34614,505,98602,054,41318,739,647
5Solaris Energy Infrastructure, Inc.2025William Zartler450,00012,574,3540825,00013,870,354
6NOV Inc.2025Clay Williams1,000,0009,576,940899,2081,129,49212,713,187
7Advanced Energy Industries, Inc.2025Stephen Kelley977,7928,426,22101,767,09511,187,208
8SPX Technologies, Inc.2025Eugene Lowe, III1,138,1164,619,8051,318,2212,072,9669,338,813
9Kodiak Gas Services, Inc.2025Robert McKee750,0004,489,72601,070,4246,568,143
10IES Holdings, Inc.2025Matthew Simmes793,750772,18204,632,0126,203,398
11Liberty Energy Inc.2025Ron Gusek591,2822,943,85501,057,7184,793,487
12Powell Industries, Inc.2025Brett Cope660,0001,129,26801,650,0003,600,369
13Bloom Energy Corporation2025KR Sridhar935,385002,470,0003,502,747
Cactus, Inc.not in coverage universe
Archrock, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Solaris Energy Infrastructure, Inc.not disclosednot disclosednot disclosedPay Governance
Advanced Energy Industries, Inc.144.4%PSU 60 · RSU 40NoCompensia, Inc.
Archrock, Inc.not disclosednot disclosednot disclosednot disclosed
Baker Hughes Company113.5%PSU 60 · RSU 40Yes — Relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
Bloom Energy Corporation200%PSU 50 · RSU 50NoMeridian
Cactus, Inc.not disclosednot disclosednot disclosednot disclosed
Hut 8 Corp.200%PSU 100NoCompensia, Inc.
IES Holdings, Inc.not disclosedPSU 67 · RSU 33NoMercer US, Inc.
Kodiak Gas Services, Inc.not disclosednot disclosednot disclosednot disclosed
Liberty Energy Inc.not disclosednot disclosednot disclosednot disclosed
NOV Inc.87%PSU 50 · RSU 40 · Options 10Yes — TSR (total shareholder return) goalMeridian Compensation Partners
NRG Energy, Inc.158%PSU 67 · RSU 33Yes — Relative TSR vs S&P 500 constituentsPay Governance
Powell Industries, Inc.200%PSU 50 · RSU 50Nonot disclosed
SPX Technologies, Inc.163.9%PSU 50 · Options 25 · RSU 25Yes — Relative TSRMeridian Compensation Partners, LLC
Talen Energy Corporation135%PSU 70 · RSU 30NoLyons, Benenson & Company Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William ZartlerDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 13,870,354. Filing ↗machine: r2 · c21 · span 585402–585413
2Section 01, Amanda BrockDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 7,048,692. Filing ↗
3Section 01, Kyle RamachandranDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 4,650,061. Filing ↗
4Section 01, Cynthia DurrettDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 2,702,342. Filing ↗
5Section 01, Christopher PowellDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 2,521,406. Filing ↗
6Section 01, Christopher WirtzDEF 14A2026-04-010001140361-26-012799Section “Executive Compensation”. As printed: 759,048. Filing ↗
7Section 07, pay ratioDEF 14A2026-04-010001140361-26-012799Section “CEO Pay Ratio”. As printed: 119 : 1. Filing ↗
8Section 08, M. Max YzaguirreDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 299,587. Filing ↗machine: span 367035–367218
9Section 08, Edgar R. GiesingerDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 277,500. Filing ↗machine: span 357625–357809
10Section 08, Laurie H. ArgoDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 255,000. Filing ↗machine: span 353854–354038
11Section 08, Ray N. Walker JrDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 239,167. Filing ↗machine: span 365347–365531
12Section 08, A. James TeagueDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 230,000. Filing ↗machine: span 363305–363489
13Section 08, James R. BurkeDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 230,000. Filing ↗machine: span 355622–355806
14Section 08, W. Howard Keenan JrDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 225,000. Filing ↗machine: span 359400–359584
15Section 08, F. Gardner ParkerDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 31,667. Filing ↗machine: span 360311–360531
16Section 08, Amanda M. BrockDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Cynthia M. DurrettDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, William A. ZartlerDEF 14A2026-04-010001140361-26-012799Section “Director Compensation”. As printed: 0. Filing ↗
19Section 06, 2026 voteForm 8-K2026-05-190001193125-26-230786Item 5.07 · say-on-pay result. As reported: 86.37% (votes for as printed: 45,600,578). Filing ↗
20Section 06, 2025 voteForm 8-K2025-05-200001193125-25-123157Item 5.07 · say-on-pay result. As reported: 98.84% (votes for as printed: 57,319,265). Filing ↗
21Section 06, 2023 voteForm 8-K2023-05-220001558370-23-010316Item 5.07 · say-on-pay result. As reported: 93.52% (votes for as printed: 35,418,137). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)ComputedcomputedCash 572,917 + equity 1,215,004 + all other 0 = 1,787,921, summed across the director compensation table rows.machine: formula: Σ = 1,787,921
24Hut 8 Corp., Section 10b CEO totalDEF 14A2026-04-280001104659-26-049711CEO total compensation as printed in Hut 8 Corp.'s own proxy. As printed: 239,909,042. Filing ↗machine: t138 · r7 · c14 · span 579029–579040
25NRG Energy, Inc., Section 10b CEO totalDEF 14A2026-03-180001104659-26-030844CEO total compensation as printed in NRG Energy, Inc.'s own proxy. As printed: 21,788,422. Filing ↗machine: t178 · r1 · c48 · span 1523683–1523693
26Baker Hughes Company, Section 10b CEO totalDEF 14A2026-03-300001193125-26-130309CEO total compensation as printed in Baker Hughes Company's own proxy. As printed: 21,363,825. Filing ↗machine: r4 · c31 · span 1166652–1166662
27Talen Energy Corporation, Section 10b CEO totalDEF 14A2026-03-190001622536-26-000023CEO total compensation as printed in Talen Energy Corporation's own proxy. As printed: 18,739,647. Filing ↗machine: span 425658–425668
28Solaris Energy Infrastructure, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-010001140361-26-012799CEO total compensation as printed in Solaris Energy Infrastructure, Inc.'s own proxy. As printed: 13,870,354. Filing ↗machine: r2 · c21 · span 585402–585413
29NOV Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148884CEO total compensation as printed in NOV Inc.'s own proxy. As printed: 12,713,187. Filing ↗machine: t130 · r2 · c35 · span 574372–574382
30Advanced Energy Industries, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035159CEO total compensation as printed in Advanced Energy Industries, Inc.'s own proxy. As printed: 11,187,208. Filing ↗machine: t198 · r9 · c18 · span 1327835–1327845
31SPX Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-310000088205-26-000019CEO total compensation as printed in SPX Technologies, Inc.'s own proxy. As printed: 9,338,813. Filing ↗machine: t119 · r2 · c11 · span 620400–620409
32Kodiak Gas Services, Inc., Section 10b CEO totalDEF 14A2026-03-270001767042-26-000028CEO total compensation as printed in Kodiak Gas Services, Inc.'s own proxy. As printed: 6,568,143. Filing ↗machine: r2 · c42 · span 473886–473895
33IES Holdings, Inc., Section 10b CEO totalDEF 14A2026-01-070001048268-26-000018CEO total compensation as printed in IES Holdings, Inc.'s own proxy. As printed: 6,203,398. Filing ↗machine: r6 · c48 · span 402367–402376
34Liberty Energy Inc., Section 10b CEO totalDEF 14A2026-03-050001999371-26-005123CEO total compensation as printed in Liberty Energy Inc.'s own proxy. As printed: 4,793,487. Filing ↗machine: r5 · c14 · span 606395–606404
35Powell Industries, Inc., Section 10b CEO totalDEF 14A2026-01-060001140361-26-000342CEO total compensation as printed in Powell Industries, Inc.'s own proxy. As printed: 3,600,369. Filing ↗machine: r2 · c27 · span 542584–542594
36Bloom Energy Corporation, Section 10b CEO totalDEF 14A2026-04-080001628280-26-024237CEO total compensation as printed in Bloom Energy Corporation's own proxy. As printed: 3,502,747. Filing ↗machine: t217 · r2 · c17 · span 1617061–1617070
37Section 10a, Kodiak Gas Services, Inc. reciprocityDEF 14A0001767042-26-000028Kodiak Gas Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
38Section 10a, Hut 8 Corp. reciprocityDEF 14A0001104659-26-049711Hut 8 Corp.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
39Section 10a, NOV Inc. reciprocityDEF 14A0001193125-26-148884NOV Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
40Section 10a, Baker Hughes Company reciprocityDEF 14A0001193125-26-130309Baker Hughes Company's most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
41Section 10a, NRG Energy, Inc. reciprocityDEF 14A0001104659-26-030844NRG Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
42Section 10a, Advanced Energy Industries, Inc. reciprocityDEF 14A0001104659-26-035159Advanced Energy Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
43Section 10a, Bloom Energy Corporation reciprocityDEF 14A0001628280-26-024237Bloom Energy Corporation's most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
44Section 10a, SPX Technologies, Inc. reciprocityDEF 14A0000088205-26-000019SPX Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
45Section 10a, Talen Energy Corporation reciprocityDEF 14A0001622536-26-000023Talen Energy Corporation's most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
46Section 10a, Powell Industries, Inc. reciprocityDEF 14A0001140361-26-000342Powell Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗
47Section 10a, Liberty Energy Inc. reciprocityDEF 14A0001999371-26-005123Liberty Energy Inc.'s most recent proxy was read; its disclosed peer group does not include Solaris Energy Infrastructure, Inc.. Filing ↗