Clifford Jason Michael 4
4 · Solstice Advanced Materials Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Solstice (SOLS) SVP Clifford Jason Michael Converts RSUs, Withholds Shares
What Happened
Clifford Jason Michael, Senior Vice President and Chief Human Resources Officer of Solstice Advanced Materials Inc. (SOLS), converted restricted stock units (RSUs) into common shares on June 2, 2026. The filing shows two conversion entries totaling 23,167 shares (11,583 and 11,584). To satisfy tax withholding obligations, 5,464 shares were withheld/disposed at $86.69 per share, totaling $473,674; fractional shares were settled in cash.
Key Details
- Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (timely filing).
- Conversion entries: 11,583 shares (acquired) and 11,584 shares (reported as derivative conversion). Total converted shown = 23,167 shares.
- Tax withholding: 5,464 shares disposed at $86.69/share = $473,674 (shares withheld to cover taxes).
- Exercise/cost: RSU conversion recorded with $0.00 exercise price (no cash exercise payment).
- Footnotes: F1 fractional shares settled in cash; F2 defines RSUs as 1-for-1 rights to common stock; F3 confirms shares withheld for taxes; F4/F5/F6 describe remaining RSU vesting schedules.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
This was a standard RSU vesting and settlement event (conversion of equity awards), not an open-market buy or sell motivated by trading intent. The key economic action was withholding a portion of the vested shares to cover taxes — common practice that does not necessarily signal a personal view on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-02+11,583→ 13,228 total - Tax Payment
Common Stock
[F3]2026-06-02$86.69/sh−5,464$473,674→ 7,764 total - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-06-02−11,584→ 17,419 total→ Common Stock (11,584 underlying)
- 4,630
Restricted Stock Units
[F2][F5]→ Common Stock (4,630 underlying) - 14,808
Restricted Stock Units
[F2][F6]→ Common Stock (14,808 underlying)
Footnotes (6)
- [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]Represents shares withheld for taxes upon vesting of RSUs.
- [F4]The RSUs vest 11,590 on June 2, 2026, 11,589 on June 2, 2027 and 5,795 on June 2, 2028 (in each case, not including dividend equivalent rights), subject to continued employment.
- [F5]The RSUs will vest 33% on each of February 24, 2027 and February 24, 2028, and 34% on February 24, 2029, subject to continued employment.
- [F6]The RSUs will vest in equal installments on each of October 30, 2028 and October 30, 2029, subject to continued employment.