Solstice Advanced Materials (SOLS) director reports new RSU dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ward Pat reported acquisition or exercise transactions in this Form 4 filing.
Solstice Advanced Materials Inc. director Pat Ward reported a small equity-based compensation update. On June 10, 2026, he received a grant of 2 restricted stock units (RSUs), representing dividend equivalent rights that accrue in RSUs in connection with the company’s dividend.
Each RSU represents a contingent right to receive one share of common stock, with the RSUs vesting on the earlier of the first anniversary of the grant date or the next annual meeting of shareowners. Following this grant, Ward directly holds 1,785 shares of common stock and 1,891 RSUs, and is also trustee for several small irrevocable trusts that together hold 24 shares, for which he disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Ward Pat
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,891 shares (Direct, null);
Common Stock — 1,785 shares (Direct, null);
Common Stock — 6 shares (Indirect, By Trust)
Footnotes (1)
- These securities are held by the Diane Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. These securities are held by the Caitlin Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. These securities are held by the Daniel Ward Irrevocable Trust, of which Mr. Ward serves as a trustee. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. 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. 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. 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
New RSU grant: 2 RSUs
Direct common stock holdings: 1,785 shares
Total RSUs after grant: 1,891 RSUs
+3 more
6 metrics
New RSU grant
2 RSUs
Dividend equivalent rights granted on June 10, 2026
Direct common stock holdings
1,785 shares
Common Stock held directly after transactions on June 10, 2026
Total RSUs after grant
1,891 RSUs
Restricted stock units outstanding after June 10, 2026 grant
Trust holdings (Diane Ward Irrevocable Trust)
9 shares
Common Stock held indirectly in Diane Ward Irrevocable Trust
Trust holdings (Caitlin Ward Irrevocable Trust)
9 shares
Common Stock held indirectly in Caitlin Ward Irrevocable Trust
Trust holdings (Daniel Ward Irrevocable Trust)
6 shares
Common Stock held indirectly in Daniel Ward Irrevocable Trust
Key Terms
Restricted Stock Units, dividend equivalent rights, irrevocable trust, pecuniary interest, +1 more
5 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 to the reporting person in RSUs"
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.
irrevocable trust financial
"These securities are held by the Diane Ward Irrevocable Trust, of which Mr. Ward serves as a trustee."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
vest financial
"The RSUs will vest on the earliest of the first anniversary of the grant date and the next annual meeting"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Pat Ward report for Solstice Advanced Materials (SOLS)?
Pat Ward reported receiving a grant of 2 restricted stock units (RSUs) on June 10, 2026. These RSUs are dividend equivalent rights that convert into Solstice Advanced Materials common stock when they vest, adding slightly to his existing equity-based compensation position.
How many Solstice Advanced Materials RSUs does Pat Ward hold following the latest grant?
Following the June 10, 2026 grant, Pat Ward holds 1,891 restricted stock units linked to Solstice Advanced Materials. Each RSU represents a contingent right to receive one share of common stock, increasing his future equity exposure as those units vest over time per the award terms.
When will Pat Ward’s new Solstice Advanced Materials RSUs vest?
The newly granted RSUs will vest on the earliest of the first anniversary of the grant date or the next annual meeting of Solstice Advanced Materials shareowners. This schedule means vesting is tied either to the passage of time or to the company’s next annual meeting event.
What are the Solstice Advanced Materials trusts mentioned in Pat Ward’s Form 4?
The filing notes small holdings in three irrevocable trusts: the Diane Ward, Caitlin Ward, and Daniel Ward Irrevocable Trusts. Pat Ward serves as trustee, but he disclaims beneficial ownership of their Solstice Advanced Materials shares except to the extent of any pecuniary interest he may have.
What are dividend equivalent rights in Solstice Advanced Materials RSUs?
Dividend equivalent rights give RSU holders additional RSUs when Solstice Advanced Materials pays dividends, instead of cash. In this case, the 2 newly reported RSUs arose as dividend equivalents and will vest at the same time and under the same conditions as the underlying RSU awards.