COX CARRIE SMITH 4
Research Summary
AI-generated summary
Solventum (SOLV) Director Carrie Smith Converts 6,336 RSUs to Shares
What Happened
- Carrie Smith, a director of Solventum Corp (ticker: SOLV), converted 6,336 restricted stock units (RSUs) into 6,336 shares of common stock on 2026-03-27. The Form 4 shows an acquisition of 6,336 shares at $0.00 (no cash paid) and a corresponding disposition of a derivative instrument (the RSUs) for 6,336 units at $0.00. Total cash value recorded in the filing is $0.
Key Details
- Transaction date: 2026-03-27; Form 4 filed: 2026-03-30.
- Transaction codes: M (exercise/conversion of a derivative) — here the RSUs were converted to common shares.
- Shares acquired: 6,336 common shares at $0.00 per share (settlement of RSUs).
- Derivative disposed: 6,336 RSU units at $0.00 (the RSUs were extinguished upon settlement).
- Footnotes: F1 — each RSU represents the contingent right to receive 1 common share upon settlement; F2 — the RSUs were fully vested.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: filing date is 2026-03-30 reporting a 2026-03-27 transaction; no late-filing indication provided in the excerpt.
Context
- This was a settlement/conversion of RSUs into common stock, not an open-market purchase or sale. The RSU derivative was extinguished and replaced by issued shares; no cash was paid or received per the filing. Such conversions are routine when RSUs vest and do not, by themselves, indicate a buy or sell decision in the market.