Solstice SVP exercises RSUs, settles taxes in shares
Solstice Advanced Materials Inc. SVP and Chief HR Officer Clifford Jason Michael reported routine equity compensation activity involving restricted stock units (RSUs) and common stock.
Rhea-AI Filing Summary
Solstice Advanced Materials Inc. SVP and Chief HR Officer Clifford Jason Michael reported routine equity compensation activity involving restricted stock units (RSUs) and common stock. On June 2, 2026, he exercised derivative securities tied to 11,584 RSUs, receiving common shares.
To cover related tax obligations, 5,464 common shares were withheld at $86.69 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, he held 7,764 common shares directly and maintained RSU awards that continue to vest over several future dates, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,584 shares exercised/converted
Exercise
5 txns
Insider
Clifford Jason Michael
Role
SVP and Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,584 | $0.00 | $0.00 |
| Exercise | Common Stock | 11,583 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,464 | $86.69 | $474K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 36,857 contracts for 19,438 underlying shares (Direct);
Common Stock — 7,764 shares (Direct)
Footnotes (6)
- F1. Reflects the settlement of fractional shares in cash.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Solstice Advanced Materials Inc. (the "Issuer") common stock.
- F3. Represents shares withheld for taxes upon vesting of RSUs.
- F4. The RSUs vest 11,590 on June 2, 2026, 11,589 on June 2, 2027 and 5,795 on June 2, 2028 (in each case, not including dividend equivalent rights), subject to continued employment.
- F5. The RSUs will vest 33% on each of February 24, 2027 and February 24, 2028, and 34% on February 24, 2029, subject to continued employment.
- F6. The RSUs will vest in equal installments on each of October 30, 2028 and October 30, 2029, subject to continued employment.
Key Figures
RSU-derived shares exercised: 11,584 shares
Shares withheld for taxes: 5,464 shares
Tax withholding price: $86.69/share
+4 more
7 metrics
RSU-derived shares exercised
11,584 shares
Derivative exercise/conversion on June 2, 2026
Shares withheld for taxes
5,464 shares
Tax-withholding disposition at $86.69 per share
Tax withholding price
$86.69/share
Value used for 5,464-share tax settlement
Common shares after transactions
7,764 shares
Direct holdings following June 2, 2026 activity
Remaining RSUs (grant 1)
14,808 underlying shares
Restricted Stock Units, direct ownership
Remaining RSUs (grant 2)
4,630 underlying shares
Restricted Stock Units, direct ownership
Future vesting 2026–2028
11,590; 11,589; 5,795 RSUs
Scheduled RSU vesting June 2, 2026–2028
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, continued employment, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
continued employment financial
"subject to continued employment."
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
dividend equivalent rights financial
"not including dividend equivalent rights"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SOLS executive Clifford Jason Michael report?
Clifford Jason Michael reported exercising derivative securities tied to 11,584 RSUs and a tax-withholding disposition of 5,464 common shares. These transactions reflect equity compensation activity and tax settlement rather than open-market buying or selling.
What restricted stock unit (RSU) positions remain for the SOLS executive?
Derivative holdings show RSUs linked to 14,808 and 4,630 underlying common shares remaining. These RSUs vest over multiple future dates, providing additional potential share deliveries if the executive continues employment through each vesting milestone.
How are the Solstice RSUs scheduled to vest for Clifford Jason Michael?
One RSU grant vests 11,590 units on June 2, 2026, 11,589 on June 2, 2027, and 5,795 on June 2, 2028. Other grants vest in tranches across February 24, 2027–2029 and October 30, 2028–2029, all subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
