Ward Pat 4
Research Summary
AI-generated summary
Solstice (SOLS) Director Pat Ward Receives 2 RSUs
What Happened
- Pat Ward, a director of Solstice Advanced Materials Inc. (SOLS), received a grant of 2 restricted stock units (RSUs) on June 10, 2026. The award was recorded at $0.00 per unit (derivative award), so no cash was paid in connection with this grant. The filing lists the transaction as an award/grant (code A).
Key Details
- Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (appears timely).
- Grant: 2 RSUs @ $0.00 each; total reported cost/value at grant = $0.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F4: Each RSU equals a contingent right to one share; fractional amounts rounded.
- F5: Dividend equivalent rights accrue as RSUs and vest with the underlying RSUs.
- F6: RSUs vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders.
- F1–F3: Certain securities are held in Diane, Caitlin and Daniel Ward Irrevocable Trusts for which Mr. Ward is a trustee; he disclaims beneficial ownership except for any pecuniary interest.
- Transaction type: Derivative award (RSUs), not a cash purchase or sale.
Context
- RSUs are contingent awards that convert to common shares when they vest; this grant does not represent an immediate open-market purchase or sale. Awards like this are common for compensation and do not by themselves indicate insider buying or selling intent. The filing provides vesting timing and trust-disclosure footnotes but does not state total post-transaction ownership.