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Solstice Advanced Materials Inc.·4

Mar 12, 4:47 PM ET

Somasundaram Sivasankaran 4

Research Summary

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Solstice (SOLS) Director Somasundaram Receives Award

What Happened
Somasundaram Sivasankaran, a director of Solstice Advanced Materials Inc. (SOLS), was granted 2 restricted stock units (RSUs) on 2026-03-10. The RSUs were reported as acquired at $0.00 per share (no cash exchanged) and are derivative awards representing a contingent right to receive common stock.

Key Details

  • Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (filed within the typical two-business-day window).
  • Award: 2 RSUs reported at $0.00 per share (derivative/award code A).
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Footnotes of note:
    • F1: Shares were received in connection with Solstice’s spin-off from Honeywell International Inc.
    • F3: Each RSU equals a contingent right to one share of common stock.
    • F4: Dividend equivalent rights accrue in RSUs and vest with the underlying RSUs.
    • F5: These RSUs vest on the date of the next annual meeting of shareholders.
    • F2: The reporting person and spouse are equal partners of SreeSoma LP; he disclaims beneficial ownership of that entity except for any pecuniary interest.

Context
This was an award/grant rather than an open-market purchase or sale and is generally considered routine (e.g., spin-off or compensation-related). As RSUs are contingent until vesting, they do not represent immediately tradable stock until vested and settled. The filing appears timely; there is no indication of a sale or exercise that would signal immediate cashing out.