Solstice Advanced Materials Inc.·4

Jun 12, 5:03 PM ET

Clifford Jason Michael 4

Research Summary

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Solstice (SOLS) SVP Clifford Jason Michael Receives RSU Award

What Happened
Clifford Jason Michael, Senior Vice President and Chief Human Resources Officer of Solstice Advanced Materials Inc. (SOLS), was granted three restricted stock unit (RSU) awards on June 10, 2026 totaling 45 RSUs (4, 14 and 27 RSUs). The reported acquisition price is $0 for each award, meaning no cash was paid at grant; these are derivative awards that convert to shares only if and when they vest.

Key Details

  • Transaction date: June 10, 2026; Form 4 filed June 12, 2026 (appears timely).
  • Grants: 4 RSUs, 14 RSUs, and 27 RSUs; acquisition price reported as $0 (derivative awards).
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnotes:
    • F1: Each RSU is a contingent right to one common share.
    • F2: Some RSUs include dividend-equivalent rights that accrue as additional RSUs and vest with the underlying RSUs.
    • F3: Vesting schedule example — 33% on Feb 24, 2027; 33% on Feb 24, 2028; 34% on Feb 24, 2029 (subject to continued employment).
    • F4: Vesting example — equal installments on Oct 30, 2028 and Oct 30, 2029 (subject to continued employment).
    • F5: Another vesting example listed — portions vesting on June 2 of 2026, 2027 and 2028 (see filing for exact amounts).
  • Transaction type: Award/Grant (code A); not an open-market purchase or sale.

Context
RSUs are compensation awards, not purchases or sales — they give the holder the right to receive company shares in the future if vesting conditions are met. Because the filing reports grants at $0, there is no immediate cash outflow or proceeds; the economic value to the insider depends on Solstice’s share price at vesting and continued employment per the schedules noted in the footnotes.