Abram J Adam 4
Research Summary
AI-generated summary
SOLV Energy (MWH) Director Abram J Adam Redeems Interests for $178K
What Happened
Abram J Adam, a director of SOLV Energy, disposed of (redeemed) a total of 4,958 Opco LLC interests on 2026-06-04 in connection with a follow‑on offering. He redeemed 1,319 interests held directly and 3,639 interests held indirectly for cash at $36.00 per interest (net of underwriting discounts), receiving $47,484 and $131,004 respectively, for a total of $178,488. An equal number (4,958) of the Issuer’s Class B common shares held by Mr. Adam were surrendered to and cancelled by the company as part of the transaction.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-05 (timely).
- Amounts: 1,319 interests → $47,484; 3,639 interests → $131,004; total cash received = $178,488.
- Price: $36.00 per Opco LLC interest (public offering price net of underwriting discounts).
- Shares owned after transaction: not specified in the filing.
- Footnotes: Redemption pursuant to the Opco LLC agreement allowing Opco LLC interests to be redeemed for Class A shares or cash using proceeds from the contemporaneous follow‑on offering; cancellation of equal Class B shares (Class B carry voting but no economic rights).
- Transaction type: Disposition to issuer (cash redemption of derivative interests), not an open‑market sale.
Context
This was a cash redemption of Opco LLC interests triggered by the underwriters’ full exercise of their option in the follow‑on offering by affiliates of American Securities LLC and the Issuer. The filing reflects a conversion/redemption tied to an offering rather than a routine open‑market sale; Class B shares surrendered had voting rights but no economic interest. The filing does not state any trading plan (e.g., 10b5‑1) and was filed promptly.