Solstice director receives small RSU award
Somasundaram Sivasankaran reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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
Key Terms
Restricted Stock Units financial
dividend equivalent rights financial
pecuniary interest financial
FAQ
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What insider transaction did Solstice Advanced Materials (SOLS) report for Somasundaram Sivasankaran?
What are the terms of the restricted stock units granted to Somasundaram Sivasankaran at Solstice Advanced Materials (SOLS)?
What are dividend equivalent rights mentioned in the Solstice Advanced Materials (SOLS) Form 4 filing?
How does Somasundaram Sivasankaran treat beneficial ownership of Solstice Advanced Materials (SOLS) shares held via SreeSoma LP?
AI-generated analysis. How Rhea-AI works. Not financial advice.