SOLV Energy (NASDAQ: MWH) CPO in automatic $36 MH Unit redemption tied to follow-on
Rhea-AI Filing Summary
SOLV Energy, Inc. Chief People Officer Brandi Michelle Pearson reported an automatic, non-discretionary issuer disposition of partnership units tied to a follow-on equity offering. She had 40,397 SOLV Energy Management Holdings LP Units redeemed for cash in connection with a public offering of Class A common stock at $36.00 per share, net of underwriting discounts and commissions.
The redemption triggered a corresponding surrender of 40,397 Opco LLC Interests by SOLV Energy Holdings LLC and cancellation of an equal number of Class B common shares held by SOLV Energy Management Holdings LP. Following this required pro rata transaction under existing partnership and LLC agreements, Pearson holds 441,177 MH Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | SOLV Energy Management Holdings LP Units | 40,397 | $0.00 | $0.00 |
Footnotes (4)
- F1. Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
- F2. (Continued from footnote 1) Upon a redemption of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
- F3. In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata direct redemption for cash of 40,397 MH Units held by the Reporting Person (and the corresponding (i) surrender of an equal number of Opco LLC Interests held by MH and (ii) cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the public offering of Class A common stock by affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- F4. Represents a price per MH Unit equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.
Key Figures
Key Terms
Disposition to issuer financial
Limited Partnership Agreement financial
Opco LLC Interests financial
Follow-On Offering financial
AI-generated analysis. How Rhea-AI works. Not financial advice.