Solstice (SOLS) SVP Jeffrey Dormo Exercises/Converts 4,635 Shares

What Happened
Jeffrey Harrison Dormo, SVP, Ref. & App. Solutions at Solstice Advanced Materials (SOLS), converted/exercised a total of 4,635 derivative units into common stock on July 28, 2026 (2,317 + 2,318). To satisfy withholding tax obligations, 1,156 shares were surrendered at $58.29 per share, totaling $67,383. Fractional-share amounts were settled in cash.

Key Details

• Transaction date(s): July 28, 2026; Form filed July 30, 2026 (reports activity on 7/28/2026).
• Derivative conversions: 2,317 shares (reported as acquired) and 2,318 shares (reported as converted/disposed as derivative) — total 4,635 shares.
• Tax withholding/ payment: 1,156 shares withheld/disposed at $58.29 each for $67,383.
• Fractional shares: settled in cash (footnote F1).
• Vesting note: the filing indicates RSUs vested on July 28, 2026 (footnote F4), consistent with a conversion/settlement event.
• Shares owned after transaction: not disclosed in the provided filing.
• Filing timeliness: filing date (7/30/2026) reports activity on 7/28/2026; no late-filing flag noted in the provided data.

Context
This was not an open-market purchase but a conversion/exercise event (derivative/RSU vesting). The withholding of 1,156 shares to cover taxes is a routine cashless settlement common when awards vest — it should not be interpreted as a directional bet by the insider. The filing shows vested/convertible awards were exercised/converted into shares rather than a new cash purchase.