Jackson William C 4
Research Summary
AI-generated summary
SOLV Energy (MWH) Director William C. Jackson Redeems 15,354 Units
What Happened
- William C. Jackson, a director of SOLV Energy, disposed of (redeemed) a total of 15,354 Opco LLC interests (3,027 directly held and 12,327 indirectly held) on June 1, 2026. The interests were redeemed for cash at a net price of $36.00 per interest, for total proceeds of $552,744. An equal number of the Issuer’s Class B common shares held by Jackson were surrendered and cancelled in connection with the redemption. This was a disposition (redemption) rather than an open-market sale or a purchase.
Key Details
- Transaction date: June 1, 2026 (Form 4 filed June 3, 2026) — filing appears timely.
- Transaction code: D (Disposition to issuer); derivative transaction (redemption of Opco LLC interests).
- Price: $36.00 per Opco LLC interest (public offering price net of underwriting discounts/commissions).
- Total proceeds: 15,354 interests × $36.00 = $552,744.
- Shares owned after transaction: Not specified in the filing.
- Important footnotes: Redemption conducted under the Opco LLCA; issuer elected to pay cash using proceeds from a contemporaneous follow-on offering by affiliates (prospectus dated May 28, 2026). Each redeemed interest resulted in cancellation of one Class B common share held by the Reporting Person. Class B shares provide voting rights but no economic rights.
Context
- This was a derivative redemption tied to the Issuer’s follow-on offering, not an open-market trade — common in issuer/affiliate transactions and liquidity events. The filing is factual and routine; it does not by itself indicate management sentiment about the company’s future performance.