SOLV Energy (NASDAQ: MWH) CPO in automatic $36 MH Unit redemption tied to follow-on
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Pearson Brandi Michelle
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | SOLV Energy Management Holdings LP Units | 40,397 | $0.00 | -- |
Holdings After Transaction:
SOLV Energy Management Holdings LP Units — 441,177 shares (Direct, null)
Footnotes (1)
- 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. (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. 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"). 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
MH Units disposed: 40,397 MH Units
Offering price: $36.00 per share
MH Units remaining: 441,177 MH Units
3 metrics
MH Units disposed
40,397 MH Units
Automatic cash redemption in connection with follow-on offering
Offering price
$36.00 per share
Public offering price of Class A common stock, net of underwriting discounts and commissions
MH Units remaining
441,177 MH Units
Brandi Pearson’s holdings following the redemption
Key Terms
Disposition to issuer, Limited Partnership Agreement, Opco LLC Interests, Follow-On Offering
4 terms
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
Limited Partnership Agreement financial
"Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP"
A limited partnership agreement is the legal rulebook that sets out how a limited partnership is run, naming who manages the business, how profits and losses are split, and what rights and responsibilities each partner has. For investors, it matters because it defines who makes decisions, how much liability they carry, how and when they can get their money back, and how returns are distributed—like a household budget and authority chart for a shared venture.
Opco LLC Interests financial
"redeem common units of Opco ("Opco LLC Interests") held by MH"
Follow-On Offering financial
"in connection with the public offering of Class A common stock ... (the "Follow-On Offering")"
A follow-on offering is when a company sells additional shares to the public after its initial stock listing to raise more cash. For investors it matters because the new shares increase the total number of shares outstanding, which can reduce each existing shareholder’s ownership share and earnings per share—similar to baking more loaves of bread after the first batch, which means each slice represents a slightly smaller piece of the whole; the funds raised can also support growth or pay debt.
FAQ
What insider transaction did SOLV Energy (MWH) report for Brandi Michelle Pearson?
SOLV Energy’s Chief People Officer Brandi Michelle Pearson reported an automatic issuer disposition of 40,397 SOLV Energy Management Holdings LP Units. The units were redeemed for cash in a required pro rata transaction linked to a public follow-on offering of Class A common stock.
Was the SOLV Energy (MWH) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. It was a required, automatic and non-discretionary pro rata redemption of MH Units for cash, conducted under existing partnership and LLC agreements in connection with a follow-on public offering of Class A shares.
How many SOLV Energy MH Units did Brandi Pearson dispose of and at what price?
Brandi Pearson had 40,397 SOLV Energy Management Holdings LP Units redeemed for cash. The price per MH Unit equaled the public offering price of $36.00 per share of Class A common stock, net of underwriting discounts and commissions in the follow-on offering.
How many SOLV Energy (MWH) MH Units does Brandi Pearson hold after this Form 4 transaction?
After the required redemption, Brandi Pearson holds 441,177 SOLV Energy Management Holdings LP Units. This figure reflects her remaining position in MH Units following the automatic, non-discretionary pro rata cash redemption of 40,397 units tied to the follow-on Class A offering.
What is the connection between SOLV Energy’s follow-on offering and Brandi Pearson’s MH Unit redemption?
The MH Unit redemption occurred in connection with a follow-on public offering of Class A common stock under a Form S-1 prospectus dated May 28, 2026. The MH LPA and Opco LLCA required automatic pro rata cash redemptions of MH Units when such an offering took place.
What happened to SOLV Energy’s Class B common stock and Opco LLC Interests in this transaction?
When 40,397 MH Units were redeemed, an equal number of Opco LLC Interests held by SOLV Energy Management Holdings LP were surrendered, and 40,397 Class B common shares held by that entity were cancelled. These linked adjustments followed the partnership and LLC agreements’ terms.