Kimball Helena Elisabeth 4
Research Summary
AI-generated summary
SOLV Energy (MWH) CRO Helena Kimball Redeems 17,930 Units
What Happened
- Helena Elisabeth Kimball, Chief Revenue Officer of SOLV Energy, had 17,930 MH Units (derivative interests) automatically redeemed for cash on June 1, 2026. The redemption price equals the Follow‑On Offering public price net of underwriting discounts: $36.00 per unit, for total proceeds of approximately $645,480. This was a disposition to the issuer (derivative redemption), not an open‑market sale of Class A shares.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03.
- Price: $36.00 per MH Unit (public offering price net of underwriting discounts/commissions).
- Total proceeds: ~ $645,480 (17,930 × $36.00).
- Transaction code: D (disposition to the issuer — derivative redemption).
- Shares/units owned after transaction: not specified in the provided filing.
- Footnotes: Redemption was a required, automatic, non‑discretionary pro rata cash redemption of MH Units under the MH LPA and Opco LLCA in connection with a follow‑on offering by affiliates of American Securities LLC and the issuer. Upon redemption, an equal number of Opco LLC Interests were surrendered and an equal number of Class B common shares held by MH were cancelled.
- Filing timeliness: Form was filed two days after the transaction date (appears timely under Form 4 rules).
Context
- This was a contractually required redemption tied to the company’s follow‑on offering, not a discretionary sale by the insider. The economic effect was cash received for cancellation of MH Units and related underlying interests; it does not necessarily signal personal trading intent.