Solventum Corp·4

Mar 9, 7:49 PM ET

McMillan Wayde D. 4

4 · Solventum Corp · Filed Mar 9, 2026

Research Summary

AI-generated summary of this filing

Updated

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
Period: 2026-03-05
McMillan Wayde D.
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    2026-03-06+8,80246,324 total
  • Tax Payment

    Common Stock

    2026-03-06$69.41/sh2,786$193,37643,538 total
  • Award

    Restricted Stock Units

    [F1][F2]
    2026-03-05+35,32135,321 total
    Common Stock (35,321 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F2]
    2026-03-068,80217,605 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

Documents

1 file
  • 4
    wk-form4_1773100149.xmlPrimary

    FORM 4