McMillan Wayde D. 4

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.