Gibbons Peter D 4
Research Summary
AI-generated summary
Solstice (SOLS) Director Peter D. Gibbons Receives RSU Award
What Happened
- Peter D. Gibbons, a director of Solstice Advanced Materials Inc. (SOLS), was granted 2 restricted stock units (RSUs) on 2026-06-10. The Form 4 (accession 0002064953-26-000070) shows the grant as 2 derivative units at $0.00 (total reported cash = $0). This is an award/grant (compensation) rather than an open-market purchase or sale; the RSUs convert to common shares only if/when they vest.
Key Details
- Transaction date: 2026-06-10. Filing date: 2026-06-12 (no late filing indicated in the provided data).
- Grant: 2 RSUs, price reported $0.00 (derivative award).
- Shares owned after transaction: Not specified in the supplied filing details.
- Footnotes from the filing:
- F1: Each RSU represents a contingent right to receive one share; fractional amounts rounded to nearest whole share.
- F2: Dividend equivalent rights accrue as RSUs that vest with the underlying RSUs.
- F3: Vesting occurs on the earlier of the first anniversary of the grant date or the next annual meeting of shareowners.
- No 10b5-1 plan, tax withholding, or sale reported in the provided transaction data.
Context
- RSUs are contingent awards that convert into common stock only upon vesting; there was no cash purchase or immediate sale associated with this grant. A two-unit grant is small and typically reflects routine director compensation rather than a market signal. For full beneficial ownership and additional filing details, consult the complete Form 4 filing.