Hershman George William 4

What Happened
George William Hershman, CEO of SOLV Energy (MWH), recorded a disposition to the issuer on 2026-06-01: an automatic, pro rata redemption of 368,400 MH Units held by him. Per the filing footnotes, the redemption was settled in cash at a price equal to the follow‑on public offering price of $36.00 per share (net of underwriting discounts), implying proceeds of approximately $13,262,400. This was a non‑discretionary corporate redemption tied to the issuer’s follow‑on offering, not an open‑market sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely).
• Transaction type/code: Disposition to issuer (D) — derivative redemption of MH Units.
• Units redeemed: 368,400 MH Units; per‑unit cash price (footnote): $36.00; total cash ≈ $13,262,400.
• Shares/units owned after transaction: not specified in the Form 4.
• Notable footnotes: (F1–F4) describe that MH Units and Opco LLC Interests can be redeemed one‑for‑one for Class A common stock or for cash using offering proceeds; the redemption here caused surrender/cancellation of corresponding Class B common stock held by MH and cancellation of MH Units; Class B shares confer voting rights only (no economic rights).
• Filing timeliness: appears timely (filed within the required reporting window).

Context
This was an issuer‑driven, automatic redemption of partnership units in connection with the company’s follow‑on offering — effectively a cash-out of limited partnership units tied to the offering proceeds. Because it was non‑discretionary and related to corporate structuring and the offering, it differs from a voluntary open‑market sale and should be viewed as a liquidity event rather than a discretionary insider sell signal.