Ward Pat 4
4 · Solstice Advanced Materials Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Solstice (SOLS) Director Pat Ward Exercises Derivatives & Receives RSUs
What Happened
Pat Ward, a director of Solstice Advanced Materials, exercised/converted derivatives and received an award of restricted stock units (RSUs) on May 22, 2026. The filing shows: 1,785 shares acquired via exercise/conversion (derivative), 1,786 shares disposed (derivative) with $0 reported proceeds, and 1,889 RSUs awarded/issued at $0 (the RSUs vested on May 22, 2026). In aggregate, the transactions resulted in a net increase of 1,888 shares held by the reporting person (3,674 acquired less 1,786 disposed). No cash value was reported for the disposed or awarded shares in this filing.
Key Details
- Transaction date: 2026-05-22; Form 4 filed: 2026-05-27 (filed 5 days after the transactions).
- Reported items:
- Exercise/conversion (code M): 1,785 shares acquired (price N/A)
- Exercise/conversion (code M): 1,786 shares disposed @ $0.00 (reported as derivative disposal)
- Grant/award (code A): 1,889 RSUs acquired @ $0.00 (RSUs vested on 5/22/2026)
- Net share change from these entries: +1,888 shares.
- Shares owned after the transactions: not reported in the excerpt provided.
- Notable footnotes:
- F1: Fractional shares, if any, were settled in cash.
- F2/F6: Each RSU equals one share; the RSUs vested on May 22, 2026.
- F3–F5: Some securities are held in irrevocable trusts (Diane, Caitlin, Daniel Ward trusts); Mr. Ward is a trustee and disclaims beneficial ownership except to the extent of his pecuniary interest.
- Filing timeliness: Form 4 was filed 5 days after the reported transaction date (outside the typical 2-business-day window), which is a late filing.
Context
Derivative "M" entries indicate exercise or conversion of derivative securities (e.g., options or vested RSUs converted to common stock). The reported disposal at $0.00 and $0 consideration suggests a non-cash settlement/transfer (for example, a cashless exercise, net share settlement, tax withholding, or transfer to trusts), but the filing does not specify the mechanism or any cash proceeds. Awards of RSUs (code A) that vest typically convert into shares; here the RSUs vested on the same date. Trust holdings noted in the footnotes mean some shares are held in family irrevocable trusts, and Mr. Ward disclaims beneficial ownership beyond his pecuniary interest.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-22+1,785→ 1,785 total - Exercise/Conversion
Restricted Stock Units
[F2][F6]2026-05-22−1,786→ 0 total→ Common Stock (1,786 underlying) - Award
Restricted Stock Units
[F2][F7]2026-05-22+1,889→ 1,889 total→ Common Stock (1,889 underlying)
- 6(indirect: By Trust)
Common Stock
[F3] - 9(indirect: By Trust)
Common Stock
[F4] - 9(indirect: By Trust)
Common Stock
[F5]
Footnotes (7)
- [F1]Reflects the settlement of fractional shares in cash.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Solstice Advanced Materials Inc. (the "Issuer") common stock.
- [F3]These securities are held by the Diane Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F4]These securities are held by the Caitlin Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F5]These securities are held by the Daniel Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F6]The RSUs vested on May 22, 2026.
- [F7]The RSUs will vest on the earliest of the first anniversary of the grant date and the next annual meeting of shareowners of the Issuer.