McMillan Wayde D. 4
4 · Solventum Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Solventum (SOLV) CFO Wayde McMillan Receives RSUs; Withholds Shares
What Happened
- Wayde D. McMillan, Chief Financial Officer of Solventum Corp (SOLV), received a grant of 35,321 Restricted Stock Units (RSUs) on 2026-03-05.
- On 2026-03-06 the filing shows a conversion/exercise of 8,802 derivative units into shares (M-coded, $0.00 exercise price). To cover tax withholding, 2,786 shares were surrendered/disposed (F-coded) at $69.41 each for a reported withholding value of $193,376. The filing also lists a related M-coded disposal of 8,802 shares at $0.00 as part of the settlement reporting.
Key Details
- Transaction dates: Grant 2026-03-05; conversion/settlement and tax withholding 2026-03-06. Filing date: 2026-03-09 (timely).
- Grant: 35,321 RSUs (each RSU converts to 1 share upon settlement).
- Conversion/settlement: 8,802 shares acquired via derivative conversion (exercise price $0.00).
- Tax withholding: 2,786 shares surrendered at $69.41 each = $193,376 (reported as payment of tax liability).
- Shares owned after the transactions: Not specified in the provided excerpt.
- Footnotes: F1 clarifies each RSU equals the contingent right to 1 share upon settlement; F2 states RSUs vest in three tranches (one-third on each of the first, second and third anniversaries of the grant), subject to continued service.
Context
- These entries represent an RSU grant and subsequent settlement/withholding mechanics, not an open-market buy or sell for investment purposes. RSUs have no exercise price; conversion often triggers mandatory share withholding to satisfy taxes (code F). The M code denotes exercise/conversion of a derivative. This type of filing documents compensation-related issuance and withholding rather than a discretionary sale by the insider.
Insider Transaction Report
Form 4
Solventum CorpSOLV
McMillan Wayde D.
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2026-03-06+8,802→ 46,324 total - Tax Payment
Common Stock
2026-03-06$69.41/sh−2,786$193,376→ 43,538 total - Award
Restricted Stock Units
[F1][F2]2026-03-05+35,321→ 35,321 total→ Common Stock (35,321 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-06−8,802→ 17,605 total→ Common Stock (8,802 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
- [F2]The RSUs shall fully vest in three tranches, with one-third vesting on each of the first, second and third anniversaries of the grant date, subject to continued service through the vesting date.
Signature
/s/Megan Bombick, attorney-in-fact for Wayde D. McMillan|2026-03-09