Edwards Shirley Ann 4
Research Summary
AI-generated summary
Solventum (SOLV) Director Shirley Ann Edwards Converts 1,980 RSUs
What Happened
- Shirley Ann Edwards, a director of Solventum Corp (SOLV), converted 1,980 restricted stock units (RSUs) into 1,980 shares of the company's common stock on 2026-03-27. The reported exercise/conversion price was $0.00, meaning no cash was paid on conversion; the filing shows the derivative (the RSUs) was disposed/converted and common shares were acquired.
- This was a settlement of vested RSUs rather than an open-market purchase or sale of shares. No cash sale of the newly issued shares is reported in this Form 4.
Key Details
- Transaction date: 2026-03-27. Transaction code: M (exercise or conversion of a derivative).
- Units converted/acquired: 1,980 RSUs converted into 1,980 common shares at $0.00 per share (no cash paid on conversion).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 — each RSU represents a contingent right to receive 1 share on settlement; F2 — the RSUs were fully vested.
- Filing timing: Form 4 was filed 2026-03-30 for a 2026-03-27 transaction; this appears to be filed within the normal SEC Form 4 reporting window (timely).
Context
- Code M indicates an exercise or conversion of a derivative. In this case, the RSUs (a derivative award) were converted into common shares; the "disposed" entry refers to the derivative award being settled, not a sale of common stock.
- Converting vested RSUs into shares is a routine reporting event for insiders and does not itself indicate a buy or sell sentiment — it simply reflects settlement of previously granted awards.