TIC Solutions, Inc.·4/A

Apr 30, 6:50 AM ET

Heraud Benjamin 4/A

4/A · TIC Solutions, Inc. · Filed Apr 30, 2026

Research Summary

AI-generated summary of this filing

Updated

TIC CEO Benjamin Heraud Receives 49,301 RSU Award

What Happened

  • Benjamin Heraud, CEO of TIC Solutions, was granted 49,301 restricted stock units (RSUs) on March 16, 2026 (derivative award reported at $0). The same date shows a disposition to the issuer of 35,714 derivative shares (reported at $0). The RSU grant was added via an amended Form 4 filed April 30, 2026 to correct an earlier omission.

Key Details

  • Transaction date(s): March 16, 2026 (award and disposition); amendment filed April 30, 2026 to add the omitted grant (original Form 4 dated March 18, 2026 inadvertently omitted the award).
  • Prices/values: Both the grant and disposition reported at $0 (derivative transactions); no cash value shown in the filing excerpt.
  • Vesting: The newly reported RSUs vest on March 16, 2029 (footnote).
  • Shares owned after transaction: Not stated in the provided filing excerpt.
  • Notable footnotes: F1—each RSU equals a contingent right to one share; F2—amendment corrects an omission from the March 18 Form 4; F3—vesting date March 16, 2029; other footnotes note performance-based RSUs, vesting schedules, and that certain previously reported performance RSUs were forfeited because minimum performance criteria were not met.
  • Filing status: This is an amended Form 4 correcting an earlier omission; the amendment was filed April 30, 2026.

Context

  • These are derivative compensation awards (RSUs), meaning Heraud has a contingent right to receive shares in the future if vesting conditions are met; they do not represent an immediate purchase or sale of common stock.
  • The filing shows a disposition to the issuer of 35,714 derivative shares at $0; the filing does not explain the reason for that disposition.

Insider Transaction Report

Form 4/AAmended
Period: 2026-03-16
Heraud Benjamin
DirectorChief Executive Officer
Transactions
  • Award

    Restricted Stock Units

    [F1][F2][F3]
    2026-03-16+49,30149,301 total
    Common Stock (49,301 underlying)
  • Disposition to Issuer

    Performance Based Restricted Stock Units

    [F4][F7][F8]
    2026-03-1635,7140 total
    Common Stock (35,714 underlying)
Holdings
  • Common Stock

    115,465
  • Restricted Stock Units

    [F1][F3]
    Common Stock (76,755 underlying)
    76,755
  • Performance Based Restricted Stock Units

    [F4][F5]
    Common Stock (153,508 underlying)
    153,508
  • Restricted Stock Units

    [F1][F6]
    Common Stock (35,715 underlying)
    35,715
Footnotes (8)
  • [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
  • [F2]On March 18, 2026, the Reporting Person filed a Form 4 which inadvertently omitted a grant of 49,301 restricted stock units.
  • [F3]These restricted stock units vest on March 16, 2029.
  • [F4]Each performance based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
  • [F5]These performance based restricted stock units have a three-year performance period and to the extent earned will vest on March 16, 2029. The number of shares of Common Stock that will be earned is subject to increase or decrease based on the result of the performance condition.
  • [F6]These restricted stock units vest on September 30, 2028.
  • [F7]The performance based restricted stock units previously reported as acquired by the Reporting Person were forfeited because the minimum performance criteria required for vesting was not met.
  • [F8]These performance based restricted stock units provided for vesting upon certain financial performance metrics of NV5 being met and to the extent earned would have vested on September 30, 2026. The number of shares of Common Stock that could have been earned was subject to decrease based on the results of the performance condition.
Signature
/s/ Mary Jo O'Brien, Attorney in Fact|2026-04-30

Documents

1 file
  • 4
    ownership.xml

    OWNERSHIP DOCUMENT