TIC Director Elizabeth Meloy Converts 9,017 RSUs to Shares

What Happened

• Elizabeth Meloy, a director of TIC Solutions, recorded the conversion/vesting of 9,017 restricted stock units (RSUs) into 9,017 shares on July 31, 2026. The transactions are reported as "exercise or conversion of derivative" (code M) with a reported price of $0.00, indicating these were issued on vesting rather than purchased for cash.

Key Details

• Transaction date: July 31, 2026
• Report filed: August 4, 2026 (filed within the standard Form 4 reporting window)
• Shares shown acquired: 9,017 at $0.00 (conversion of RSUs)
• Disposition entry: 9,017 at $0.00 (appears as conversion/disposition of the derivative instrument in the filing)
• Shares owned after transaction: Not specified in the provided filing
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share.
  • F2: These RSUs vested on July 31, 2026 (one-year anniversary of the grant).
  • F3: A separate tranche of RSUs vests July 1, 2027.

Context

• This appears to be a routine equity-compensation vesting/conversion event (RSUs converting into common shares), not an open-market purchase or sale. The $0.00 price reflects issuance on vesting rather than a cash exercise. Such transactions typically reflect compensation rather than a trading signal; purchases are generally more informative about insider sentiment than routine vesting.