Harrington Paul S 4
4 · Solventum Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Solventum (SOLV) CSCO Paul Harrington Exercises RSUs
What Happened
Paul Harrington, Chief Supply Chain Officer at Solventum (SOLV), received a grant of 10,950 Restricted Stock Units (RSUs) on 2026-03-05. On 2026-03-06, 3,300 of those RSUs were settled/converted into shares. To satisfy tax withholding, 1,073 shares were surrendered at $69.41 per share, a withholding value of $74,477. Because the exercise/settlement had a $0 exercise price, no cash purchase was required.
Key Details
- Transactions and dates:
- 2026-03-05: Grant of 10,950 RSUs (code A) — $0.00 reported (contingent right to shares).
- 2026-03-06: Settlement/conversion of 3,300 RSUs to shares (code M) — $0.00 exercise price.
- 2026-03-06: Tax withholding of 1,073 shares (code F) at $69.41 each = $74,477.
- Net result: Approximately 2,227 shares delivered to Harrington after withholding (3,300 settled − 1,073 withheld). Approximately 7,650 RSUs remain unvested from the 10,950 grant.
- Footnotes: F1 — each RSU converts to 1 share on settlement. F2 — the RSUs vest in three equal annual tranches (one‑third each year), subject to continued service.
- Filing timeliness: Report filed 2026-03-09 for transactions on 3/05 and 3/06; filing appears timely under Form 4 rules.
Context
This was a standard equity award and settlement with shares withheld for taxes (routine, not an open-market sale). RSU grants and typical tax‑withholding dispositions are common compensation events and do not by themselves indicate an insider buying or selling for market exposure.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-06+3,300→ 19,243 total - Tax Payment
Common Stock
2026-03-06$69.41/sh−1,073$74,477→ 18,170 total - Award
Restricted Stock Units
[F1][F2]2026-03-05+10,950→ 10,950 total→ Common Stock (10,950 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-06−3,300→ 6,603 total→ Common Stock (3,300 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.