Solstice Advanced Materials (SOLS) director adds 2 RSU dividend rights
Rhea-AI Filing Summary
Laird Fiona reported acquisition or exercise transactions in this Form 4 filing.
Solstice Advanced Materials Inc. director Fiona Laird received a grant of 2 restricted stock units as dividend equivalent rights tied to existing awards. Each RSU represents a right to receive one share of common stock and will vest on the date of the next annual meeting of shareowners. Following this grant, Laird holds 1,786 RSUs directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Solstice Advanced Materials Inc. (the "Issuer") common stock. 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 date of the next annual meeting of shareowners of the Issuer.
FAQ
What did Fiona Laird report in the latest Form 4 for SOLS?
Fiona Laird reported receiving 2 restricted stock units as a compensation-related grant. These RSUs are dividend equivalent rights that accrue on existing awards and convert into common shares when they vest at the next Solstice Advanced Materials annual shareowner meeting.
How many restricted stock units did Fiona Laird acquire in this SOLS filing?
Fiona Laird acquired 2 restricted stock units in this transaction. The units are derivative awards that will each convert into one share of Solstice Advanced Materials common stock when they vest on the date of the next annual meeting of shareowners.
What are the dividend equivalent rights mentioned in the SOLS Form 4?
The dividend equivalent rights are RSUs that accrue to Fiona Laird in connection with Solstice Advanced Materials’ dividend. They vest at the same time as the underlying RSUs, giving her additional units that each convert into one share of common stock at vesting.
When will Fiona Laird’s new RSUs in Solstice Advanced Materials vest?
The newly granted restricted stock units will vest on the date of the next annual meeting of shareowners. At that time, each RSU becomes one share of Solstice Advanced Materials common stock, increasing Fiona Laird’s directly held equity stake in the company.
How many Solstice Advanced Materials RSUs does Fiona Laird hold after this transaction?
After this transaction, Fiona Laird holds 1,786 restricted stock units directly. Each unit represents a contingent right to receive one share of Solstice Advanced Materials common stock, providing her with a sizable equity-based compensation position linked to future company performance.
Is Fiona Laird’s Form 4 transaction in SOLS an open-market stock purchase or sale?
This Form 4 does not report an open-market purchase or sale. Instead, it shows a grant of 2 restricted stock units as compensation, classified as an acquisition under code A, with no cash purchase or sale of Solstice Advanced Materials common shares involved.