Clifford Jason Michael 4
Research Summary
AI-generated summary
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.