Deters Kevin J. 4
4 · SOLV Energy, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) COO Kevin Deters Redeems 110,934 Units for $3.99M
What Happened
- Kevin J. Deters, COO of SOLV Energy (ticker: MWH), had 110,934 MH Units (derivative interests) automatically redeemed for cash on June 1, 2026. The redemption price was $36.00 per unit (the public offering price net of underwriting discounts), yielding approximately $3,993,624.
- This was a disposition to the issuer tied to the company’s Follow-On Offering; it is not an open‑market sale by the insider but an automatic contractual redemption and related cancellation of associated interests.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed timely).
- Quantity: 110,934 MH Units redeemed for cash; price per unit: $36.00; total cash ≈ $3,993,624.
- Nature: Disposition to issuer (derivative securities) — automatic, pro rata, non-discretionary redemption under MH LPA and Opco LLCA.
- Related effects: Corresponding Opco LLC Interests surrendered and an equal number of Class B common shares held by MH were surrendered and cancelled; an equal number of MH Units held by the reporting person were cancelled.
- Shares/units owned after transaction: Not specified in this Form 4.
- Footnotes highlight this was done pursuant to the MH Limited Partnership Agreement and Opco LLC agreement in connection with the Follow-On Offering (prospectus dated May 28, 2026).
Context
- This transaction reflects a contractual redemption mechanism (conversion/cash-out of partnership/Opco interests in connection with a public offering), not a discretionary insider sale. It reduces the reporting person’s MH Units and the related Class B/Common unit structure; Class B shares held by MH carried voting but no economic rights per the filing.
- For retail investors: such redemptions are routine consequences of LP/Opco governance and capital-raising events; they do not necessarily signal discretionary buying or selling intent by the insider.
Insider Transaction Report
Form 4
Deters Kevin J.
Chief Operating Officer
Transactions
- Disposition to Issuer
SOLV Energy Management Holdings LP Units
[F1][F2][F3][F4]2026-06-01−110,934→ 1,211,517 total→ Class A Common Stock (110,934 underlying)
Footnotes (4)
- [F1]Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
- [F2](Continued from footnote 1) Upon a redemption of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
- [F3]In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata direct redemption for cash of 110,934 MH Units held by the Reporting Person (and the corresponding (i) surrender of an equal number of Opco LLC Interests held by MH and (ii) cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the public offering of Class A common stock affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- [F4]Represents a price per MH Unit equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.
Signature
/s/ Adam S. Forman, attorney-in-fact|2026-06-03