Heraud Benjamin 4
4 · TIC Solutions, Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
TIC CEO Benjamin Heraud Receives 1,060 RSUs
What Happened
Benjamin Heraud, CEO of TIC Solutions (TIC), was granted 1,060 restricted stock units (RSUs) on May 8, 2026. The award was recorded at $0.00 (no cash paid at grant) and is reported as a derivative award (RSU). Each RSU represents a contingent right to receive one share of common stock, subject to vesting.
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (filed within the normal reporting window).
- Transaction type/code: Award/Grant (A); derivative securities = restricted stock units.
- Quantity and price: 1,060 RSUs at $0.00 (no purchase price).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Relevant footnotes from the filing:
- F1: Each restricted stock unit represents a contingent right to receive one share.
- F2: The grant represents a matching contribution to the NV5 401(k) Plan (as described in the filing).
- F3: These RSUs vest on May 8, 2027.
- Timeliness: Filing appears timely (filed May 12 for a May 8 transaction).
Context
RSUs are a form of equity compensation that convert into shares only if and when they vest; this grant vests on May 8, 2027 per the filing. Because this award is a matching contribution to a retirement plan, it is generally routine compensation-related activity rather than an immediate market signal of insider buying or selling. Taxes and any withholding obligations typically occur at vesting or settlement.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-05-08+1,060→ 1,060 total→ Common Stock (1,060 underlying)
- 115,465
Common Stock
- 49,301
Restricted Stock Units
[F1][F4]→ Common Stock (49,301 underlying) - 76,755
Restricted Stock Units
[F1][F4]→ Common Stock (76,755 underlying) - 153,508
Performance Based Restricted Stock Units
[F5][F6]→ Common Stock (153,508 underlying) - 35,715
Restricted Stock Units
[F1][F7]→ Common Stock (35,715 underlying)
Footnotes (7)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]Represents a grant as part of the Issuer's matching contribution to the NV5 401(k) Plan.
- [F3]These restricted stock units vest on May 8, 2027.
- [F4]These restricted stock units vest on March 16, 2029.
- [F5]Each performance based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F6]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.
- [F7]These restricted stock units vest on September 30, 2028.