Solstice Advanced Materials (SOLS) director granted new RSU award
Rhea-AI Filing Summary
Solstice Advanced Materials Inc. director Somasundaram Sivasankaran received a grant of 2 restricted stock units (RSUs) on common stock, reflected as a grant or award acquisition. Each RSU represents a contingent right to receive one share of Solstice common stock and relates to dividend equivalent rights that vest with the underlying RSUs.
After this grant, Sivasankaran holds 1,786 RSUs directly and 57 shares of common stock indirectly through SreeSoma LP, which received its shares in connection with the spin-off of Solstice from Honeywell International Inc. He and his spouse are equal partners in SreeSoma LP, and he disclaims beneficial ownership beyond his pecuniary interest. The RSUs will vest on the date of Solstice’s next annual meeting of shareowners.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Consists of shares received in connection with the spin-off of Solstice Advanced Materials Inc. (the "Issuer") from Honeywell International Inc.
- F2. 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.
- F3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F4. 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.
- F5. The RSUs will vest on the date of the next annual meeting of shareowners of the Issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.