Solstice Advanced Materials (SOLS) director adds RSU grant and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gibbons Peter D reported acquisition or exercise transactions in this Form 4 filing.
Solstice Advanced Materials Inc. director Peter D. Gibbons reported a small equity-based compensation change. He received a grant of 2 restricted stock units (RSUs), described as dividend equivalent rights that accrue in RSUs and vest at the same time as the underlying RSUs. These RSUs will vest on the earliest of the first anniversary of the grant date or the company’s next annual meeting of shareowners. Following the transactions reported, he holds 1,832 shares of common stock directly, 40 shares indirectly through his spouse, and 1,891 RSUs representing contingent rights to receive the same number of common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Gibbons Peter D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,891 shares (Direct, null);
Common Stock — 1,832 shares (Direct, null);
Common Stock — 40 shares (Indirect, By spouse)
Footnotes (1)
- 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
RSUs granted: 2 RSUs
Direct common shares: 1,832 shares
Indirect common shares: 40 shares
+1 more
4 metrics
RSUs granted
2 RSUs
Grant of dividend equivalent rights on Common Stock
Direct common shares
1,832 shares
Common Stock held directly after reported transactions
Indirect common shares
40 shares
Common Stock held indirectly by spouse
RSUs outstanding
1,891 RSUs
Total RSUs representing contingent rights to common stock
Key Terms
Restricted Stock Units, dividend equivalent rights, vest
3 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.
vest financial
"The RSUs will vest on the earliest of the first anniversary of the grant date"
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 activity did Solstice Advanced Materials (SOLS) disclose for Peter D. Gibbons?
Solstice Advanced Materials reported that director Peter D. Gibbons received a grant of 2 restricted stock units. These RSUs are dividend equivalent rights that vest along with the underlying RSUs, increasing his overall equity-based compensation position in the company.
What are the terms of the new RSUs granted to the Solstice Advanced Materials (SOLS) director?
The new RSUs granted to the Solstice Advanced Materials director represent dividend equivalent rights that accrue in RSUs. They vest on the earliest of the first anniversary of the grant date or the company’s next annual meeting of shareowners, matching the schedule of the underlying RSUs.
Are the recent Solstice Advanced Materials (SOLS) insider transactions open-market buys or sells?
The recent insider activity for Solstice Advanced Materials does not report any open-market purchases or sales. It primarily reflects a grant of 2 restricted stock units as compensation, along with updated direct and indirect common stock holdings for the reporting director.
What does a dividend equivalent RSU mean for Solstice Advanced Materials (SOLS) insiders?
A dividend equivalent RSU for Solstice Advanced Materials insiders means dividend-related rights are credited as additional RSUs instead of cash. These RSUs vest at the same time as the underlying restricted stock units, potentially increasing future share delivery if vesting conditions are met.