SOLV Energy CFO redeems 55,935 MH units in sale
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Form Type
4
Rhea-AI Filing Summary
SOLV Energy, Inc. (MWH) reported that Chief Financial Officer Chad Plotkin had an automatic, non-discretionary pro rata redemption of 55,935 SOLV Energy Management Holdings LP Units (MH Units), each corresponding to one underlying share of Class A common stock, in connection with a sale of Class A common stock by SOLV Energy Management Holdings LP. The transaction reflects a required redemption under the SOLV Energy Management Holdings LP partnership agreement and SOLV Energy Holdings LLC operating agreement at a price per MH Unit equal to the $27.77 sale price per share of Class A common stock. Following this transaction, Plotkin held 896,473 MH Units directly.
Insider Trade Summary
Net Seller: 55,935 shares
Net Sell
1 txn
Insider
Plotkin Chad
Role
Chief Financial Officer
Sold
55,935 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | SOLV Energy Management Holdings LP Units F1, F2, F3, F4 | 55,935 | -- | -- |
Holdings After Transaction:
SOLV Energy Management Holdings LP Units — 896,473 contracts (Direct)
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 or direct exchange 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 redemption of 55,935 MH Units held by the Reporting Person (and the corresponding (i) direct exchange of an equal number of Opco LLC Interests held by MH and (ii) the cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the sale of Class A common stock by MH.
- F4. Represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by MH.
Key Figures
MH Units disposed: 55,935 MH Units
Underlying Class A common stock: 55,935 shares
Price per MH Unit / Class A share: $27.77 per share
+1 more
4 metrics
MH Units disposed
55,935 MH Units
Required, automatic and non-discretionary pro rata redemption of MH Units
Underlying Class A common stock
55,935 shares
Each MH Unit corresponds to one underlying share of Class A common stock
Price per MH Unit / Class A share
$27.77 per share
Price per MH Unit equal to sale price per share of Class A common stock sold by MH
MH Units held after transaction
896,473 MH Units
Direct holdings of Chad Plotkin following the redemption transaction
Key Terms
Limited Partnership Agreement, Opco LLC Interests, Class B common stock, non-discretionary pro rata redemption, +1 more
5 terms
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"
Class B common stock financial
"shares of Class B common stock of the Issuer held by MH will be surrendered"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
non-discretionary pro rata redemption financial
"represents the required, automatic and non-discretionary pro rata redemption of 55,935 MH Units"
follow-on offering financial
"using proceeds from a substantially contemporaneous follow-on offering or secondary 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SOLV Energy, Inc. (MWH) disclose for CFO Chad Plotkin?
SOLV Energy, Inc. disclosed that CFO Chad Plotkin had an automatic, pro rata redemption of 55,935 MH Units, each tied to one underlying share of Class A common stock, in connection with a sale of Class A common stock by SOLV Energy Management Holdings LP.
What price was used for Chad Plotkin’s MH Units in the MWH Form 4 transaction?
The Form 4 states that the redemption represents a price per MH Unit equal to the sale price of $27.77 per share of Class A common stock sold by SOLV Energy Management Holdings LP, as described in the footnotes to the filing.
How many SOLV Energy Management Holdings LP Units does Chad Plotkin hold after this MWH transaction?
After the reported transaction, Chad Plotkin directly holds 896,473 MH Units of SOLV Energy Management Holdings LP, according to the post-transaction holdings figure in the Form 4.
Was the MWH insider transaction by Chad Plotkin discretionary?
No. The footnotes describe the event as a required, automatic and non-discretionary pro rata redemption of MH Units under the SOLV Energy Management Holdings LP partnership agreement and SOLV Energy Holdings LLC operating agreement.
Does the Form 4 for MWH indicate use of a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that the transaction was effected pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
