Trerotola Matthew L. 4

What Happened

• Director Matthew L. Trerotola received an award of 2 restricted stock units (RSUs) reported as an acquisition on 2026-03-10. The filing records the shares at $0.00 (derivative award), reflecting a grant/allocation tied to the company spin‑off and not a cash purchase or open‑market sale.

Key Details

• Transaction date: 2026-03-10; Filing date: 2026-03-12 (filed within the normal Form 4 reporting window).
• Reported amount: 2 RSUs / derivative units at $0.00.
• Shares owned after transaction: not specified in the Form 4 excerpt provided.
• Footnotes from the filing:
  • F1: These consist of shares received in connection with Solstice’s spin‑off from Honeywell.
  • F2: Each RSU represents a contingent right to receive one share of common stock.
  • F3: Dividend equivalent rights accrue in RSUs and vest with the underlying RSUs.
  • F4: The RSUs vest on the date of the next annual meeting of shareholders.
• Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or late‑filing flag noted.

Context

• This is a grant/award (derivative RSUs) rather than a purchase or sale. Awards tied to spin‑offs or board compensation are common and do not necessarily indicate a change in the insider’s view of the stock.
• The RSUs are contingent and vest at the next annual meeting; they will convert to shares only if and when vesting conditions are met.