Kajee Shiraz 4
4 · SLR Investment Corp. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
SLR Investment CFO Kajee Shiraz Receives RSU Award, Prior RSUs Cashed Out
What Happened
- Kajee Shiraz, Chief Financial Officer & Treasurer of SLR Investment Corp. (SLRC), had 5,782.285 restricted stock units (RSUs) from a 2024 grant settled for cash on March 13, 2026, and on the same date received a new grant of 13,899.643 RSUs. The transactions show $0 per share because these were derivative awards/settlements (compensation), not open-market purchases or sales.
- The 2024 RSUs were converted/settled to cash (disposed to the issuer). The new RSU grant carries no immediate cash outlay by Mr. Shiraz; vesting and settlement terms apply (see Key Details).
Key Details
- Transaction date: March 13, 2026 (all activity reported).
- Settled RSUs: 5,782.285 RSUs from the March 13, 2024 grant were paid out in cash on March 13, 2026 (reported as conversion/settlement and disposition to issuer; $0 price in filing because this reflects an RSU settlement).
- New grant: 13,899.643 RSUs granted March 13, 2026 (reported as an award/acquisition at $0.00).
- Vesting for the new RSUs: 50% vest on the later of March 1, 2028 (or the opening of the trading window) and the remaining 50% on the later of March 1, 2029 (or the opening of the trading window) (per footnote).
- Settlement mechanics: RSUs may be settled either in common stock or cash on a one-for-one basis at the election of the Solar Capital Partners Employee Stock Plan, LLC administrators.
- Regulatory note: The filing references SEC staff guidance treating certain employee plans as “employee benefit plans sponsored by the issuer” under Rule 16b-3 (footnote).
- Timeliness: Transaction date 3/13/2026; Form 4 filed 3/17/2026 — filing appears timely (within required business-day window).
Context
- These entries are compensation-related RSU settlement and grant activity, not an open-market purchase or sale by the insider. Cash settlement of RSUs reduces the insider’s equity in the issuer (because cash was received instead of shares); the new RSU grant increases future potential equity subject to vesting and settlement rules. These types of filings reflect compensation actions rather than direct market bets by the insider.
Insider Transaction Report
Form 4
Kajee Shiraz
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-03-13+5,782.285→ 13,252.285 total - Disposition to Issuer
Common Stock
[F1][F2]2026-03-13−5,782.285→ 7,500 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-13−5,782.285→ 5,782.285 total→ Common Stock (5,782.285 underlying) - Award
Restricted Stock Units
[F1][F3]2026-03-13+13,899.643→ 13,899.643 total→ Common Stock (13,899.643 underlying)
Footnotes (3)
- [F1]Pursuant to the SEC staff no-action letters to Carlyle GMS Finance, Inc. (pub. Avail. Oct. 8, 2015) and to Babson Capital Management LLC (pub. Avail. Dec. 14, 2006), an employee benefit plan sponsored by an investment adviser (or an affiliated person of an investment adviser) to a closed-end investment company that has elected to be regulated as a business development company or to a closed-end investment company registered under the Investment Company Act of 1940, as amended, respectively, in either case that offers plan participants equity securities of such investment company is considered an "employee benefit plan sponsored by the issuer" for the purposes of Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
- [F2]Restricted stock units ("RSUs") with respect to 5,782.2850 shares granted to Mr. Kajee on March 13, 2024 settled in cash on March 13, 2026. RSUs may be settled in shares of common stock of SLR Investment Corp. (the "Issuer") or the cash value thereof on a one-for-one basis in shares of the Issuer's common stock or the cash value thereof at the election of the Solar Capital Partners Employee Stock Plan, LLC (the "SCP Plan") administrators. Settlements relate to the 2024 grant of RSUs and the holdings relate to the remaining portion of the 2024 RSU grant.
- [F3]On March 13, 2026, the Board of Directors (the "Board") of the Issuer granted 13,899.6434 RSUs to Mr. Kajee. Shares of the common stock of the Issuer underlying the RSUs are scheduled to vest in installments of 50% on the latter of March 1, 2028 and the date of the opening of the trading window and 50% on the latter of March 1, 2029 and the date of the opening of the trading window. Upon settlement, the RSUs will become payable on a one-for-one basis in shares of the Issuer's common stock or the cash value thereof at the election of the SCP Plan administrators.
Signature
/s/ Shiraz Y. Kajee|2026-03-17