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Solstice Advanced Materials Inc.·4

May 27, 4:46 PM ET

Ward Pat 4

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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.