DeVore Susan D. 4
Research Summary
AI-generated summary
Solventum (SOLV) Director Susan DeVore Converts 3,403 RSUs
What Happened
Susan D. DeVore, a director of Solventum Corp (SOLV), recorded the conversion/exercise of 3,403 derivative units on 2026-04-30. The filing shows an acquisition of 3,403 shares at $0.00 and a matching disposition of 3,403 shares at $0.00. Footnotes identify the instruments as fully vested Restricted Stock Units (RSUs) that represent the right to receive one share each upon settlement.
Key Details
- Transaction date: 2026-04-30 (code M = exercise/conversion of a derivative).
- Shares acquired: 3,403 @ $0.00; Shares disposed: 3,403 @ $0.00 (no cash amount reported).
- Footnotes: F1 — each RSU = contingent right to 1 common share on settlement; F2 — the RSUs were fully vested.
- Net effect in this filing: no net increase in shares held (acquired and disposed quantities are equal).
- Filing timeliness: no late-filing indication provided in the supplied data.
Context
The M code indicates an exercise or conversion of a derivative instrument; here it reflects RSU settlement into shares. The matching acquisition and disposition entries mean the filing shows conversion plus an immediate transfer/disposition of the same shares — the form does not specify the reason for the disposition (e.g., sale, transfer, or other settlement/withholding). This is a routine reporting of equity settlement rather than an open-market purchase or sale that clearly signals buying or selling intent.