Heraud Benjamin 4/A
Research Summary
AI-generated summary
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.