Solstice Advanced Materials (SOLS) director reports new RSU grant and holdings
Rhea-AI Filing Summary
Somasundaram Sivasankaran reported acquisition or exercise transactions in this Form 4 filing.
Solstice Advanced Materials Inc. director Somasundaram Sivasankaran reported a small equity-based compensation change. He received 2 restricted stock units as dividend equivalent rights, each representing one share of common stock, bringing his RSU balance to 1,891 units. These RSUs vest on the earlier of the first anniversary of the grant date and the next annual meeting of shareowners. Following this update, he is shown with 1,785 common shares held directly and 57 common shares held indirectly through SreeSoma LP, where he and his spouse are equal partners and he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Somasundaram Sivasankaran
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,891 shares (Direct);
Common Stock — 1,785 shares (Direct);
Common Stock — 57 shares (Indirect, By SreeSoma LP)
Footnotes (4)
- F1. The Reporting Person and his spouse are equal partners of SreeSoma LP. The Reporting Person expressly disclaims beneficial ownership except to the extent of his pecuniary interest therein.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Solstice Advanced Materials Inc. (the "Issuer") common stock. Fractional amounts have been rounded to the nearest whole number.
- F3. Represents dividend equivalent rights in connection with the Issuer's dividend that accrue to the reporting person in RSUs that vest at the same time as the underlying RSUs.
- F4. The RSUs will vest on the earliest of the first anniversary of the grant date and the next annual meeting of shareowners of the Issuer.
Key Figures
RSUs granted: 2 units
Direct common shares: 1,785 shares
Indirect common shares: 57 shares
+1 more
4 metrics
RSUs granted
2 units
Restricted Stock Units grant on 2026-06-10
Direct common shares
1,785 shares
Common Stock held directly after 2026-06-10 update
Indirect common shares
57 shares
Common Stock held indirectly via SreeSoma LP
Total RSUs after grant
1,891 units
Restricted Stock Units balance following 2-unit grant
Key Terms
Restricted Stock Units, dividend equivalent rights, pecuniary interest, annual meeting of shareowners
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Represents dividend equivalent rights in connection with the Issuer's dividend that accrue"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
pecuniary interest financial
"expressly disclaims beneficial ownership except to the extent of his pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Solstice Advanced Materials (SOLS) report for Somasundaram Sivasankaran?
Solstice Advanced Materials reported that director Somasundaram Sivasankaran received 2 restricted stock units as a grant or award. These RSUs are dividend equivalent rights tied to the company’s dividend and increase his total RSU holdings reported in this filing.
What are the terms of the restricted stock units granted to Somasundaram Sivasankaran at Solstice Advanced Materials (SOLS)?
Each restricted stock unit represents a contingent right to receive one share of Solstice Advanced Materials common stock. The RSUs will vest on the earliest of the first anniversary of the grant date and the next annual meeting of shareowners, subject to those vesting conditions.
What are dividend equivalent rights mentioned in the Solstice Advanced Materials (SOLS) Form 4 filing?
Dividend equivalent rights are additional RSUs that accrue in connection with the company’s dividend on existing RSUs. For Somasundaram Sivasankaran, these rights accrue as RSUs and vest at the same time as the underlying RSUs to which they relate.
How does Somasundaram Sivasankaran treat beneficial ownership of Solstice Advanced Materials (SOLS) shares held via SreeSoma LP?
Shares held through SreeSoma LP are attributed to Somasundaram Sivasankaran and his spouse as equal partners. He expressly disclaims beneficial ownership of those Solstice Advanced Materials shares except to the extent of his pecuniary interest in the partnership.