Harrington Paul S 4
Research Summary
AI-generated summary
Solventum (SOLV) Chief Supply Chain Officer Paul Harrington Receives RSU Shares
What Happened
- Paul Harrington, Solventum's Chief Supply Chain Officer, had 3,960 restricted stock units (RSUs) convert into 3,960 shares on May 13, 2026 (recorded as exercise/conversion of a derivative). To satisfy tax withholding, 1,678 of those shares were surrendered (disposed) at $74.41 per share, totaling $124,860. Net shares delivered to Harrington were 2,282 (3,960 vested − 1,678 withheld). The total value of the 3,960 vested shares at $74.41 was roughly $294,664.
Key Details
- Transaction date: 2026-05-13; Filing date: 2026-05-15 (filed on time).
- Vesting/conversion: 3,960 RSU-derived shares acquired (code M).
- Tax withholding: 1,678 shares disposed to cover taxes at $74.41 each = $124,860 (code F).
- Net shares received: 2,282 shares.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: F1—each RSU equals a contingent right to 1 share; F2—these RSUs vest in three tranches (one-third on May 13 of 2025, 2026, 2027) subject to continued service.
- Transaction codes explained: M = exercise/conversion of derivative (here RSU settlement); F = shares withheld to pay tax liability.
Context
- This was a routine vesting and tax-withholding event for RSUs (compensation), not an open-market purchase or sale. The filing shows shares were surrendered to cover taxes (a common cashless/withholding settlement), not sold on the open market, so it should not be read as a discretionary buy or sell decision.