Gomez Tammy L 4
Research Summary
AI-generated summary
Solventum (SOLV) CHRO Tammy Gomez Exercises Derivative Units, Receives RSUs
What Happened
- Tammy L. Gomez, Chief Human Resources Officer of Solventum Corp (SOLV), received a grant of 12,716 restricted stock units (RSUs) on 2026-03-05. On 2026-03-06 she converted/exercised 3,300 of those derivative units into common shares. Of the converted shares, 895 were surrendered/withheld to cover taxes at $69.41 per share, totaling $62,122. The exercise/conversion had a $0 exercise price (RSU settlement).
Key Details
- Transaction dates: Grant on 2026-03-05; conversion/exercise and tax withholding on 2026-03-06. Filing date: 2026-03-09 (appears timely).
- Grant: 12,716 RSUs (each RSU = right to 1 Class A share on settlement).
- Conversion: 3,300 RSUs converted into 3,300 shares (exercise/conversion code M).
- Tax withholding: 895 shares withheld/disposed to satisfy tax liability at $69.41/share = $62,122 (code F).
- Net shares delivered to Gomez from this conversion: 3,300 − 895 = 2,405 shares.
- Remaining RSUs from this grant after the conversion: 12,716 − 3,300 = 9,416 RSUs still subject to vesting.
- Footnotes: RSUs settle into shares; vesting occurs in three equal annual tranches (one‑third each anniversary), subject to continued service.
Context
- This was an award and routine conversion/settlement of RSUs, not an open‑market sale or unsolicited gift. The withholding is a common procedure to cover taxes on vested equity and does not by itself indicate market sentiment. The filing appears to have been submitted within the required reporting window.