Heraud Benjamin 4

What Happened Benjamin Heraud, President and Chief Operating Officer of TIC Solutions (TIC), was granted a total of 230,263 restricted stock units (RSUs) on March 16, 2026. The filing shows two derivative awards: 76,755 time‑based RSUs and 153,508 performance‑based RSUs, each reported at $0.00 on the Form 4 (these are awards/compensation, not open‑market purchases).

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
• Reported price: $0.00 (award/grant — derivative units).
• Total awards: 76,755 time‑based RSUs + 153,508 performance RSUs = 230,263 RSUs.
• Shares owned after transaction: not specified in this filing.
• Footnotes of note:
  • F1/F2: Each restricted stock unit converts to one common share; the time‑based RSUs vest on March 16, 2029.
  • F3/F4: Performance RSUs convert to common shares if earned after a three‑year performance period; they may increase or decrease based on performance and, if earned, vest on March 16, 2029.
• Transaction code: "A" = Award/Grant; these are derivative equity awards, not sales or purchases.

Context RSUs are compensation that give the holder a contingent right to receive shares in the future if vesting conditions are met. Performance RSUs are tied to specified goals and can be adjusted up or down based on results; their eventual value depends on TIC’s stock price at settlement and whether performance targets are met. Because this was a grant (not a sale or open‑market purchase), it should be viewed as executive compensation rather than a direct signal of the insider’s near‑term market view.