Solventum Corp (NYSE: SOLV) CFO exercises RSUs, 4,404 shares withheld for tax
Rhea-AI Filing Summary
Solventum Corp’s Chief Financial Officer Wayde D. McMillan exercised 9,503 Restricted Stock Units into an equal number of common shares on May 13, 2026. To satisfy tax obligations related to this vesting, 4,404 common shares were withheld at $74.41 per share. Following these transactions, he directly holds 48,637 shares of Solventum common stock. Each RSU represents a contingent right to receive one share of common stock and vests in three annual tranches, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,099 shares
Net Buy
3 txns
Insider
McMillan Wayde D.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,503 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,503 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,404 | $74.41 | $328K |
Holdings After Transaction:
Restricted Stock Units — 9,504 shares (Direct);
Common Stock — 48,637 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Common Stock upon settlement.
- F2. The RSUs shall fully vest in three tranches, with one-third vesting on each of May 13, 2025; May 13, 2026; and May 13, 2027, subject to continued service through the vesting date.
Key Figures
RSUs Exercised: 9,503 shares
Tax-Withholding Shares: 4,404 shares
Tax-Withholding Price: $74.41 per share
+1 more
4 metrics
RSUs Exercised
9,503 shares
Restricted Stock Units converted into common stock on May 13, 2026
Tax-Withholding Shares
4,404 shares
Common shares withheld to cover tax obligations on May 13, 2026
Tax-Withholding Price
$74.41 per share
Price applied to shares disposed in the tax-withholding transaction
Post-Transaction Holdings
48,637 shares
Direct common stock holdings of the CFO after reported transactions
Key Terms
Restricted Stock Units, tax-withholding disposition, contingent right, vesting
4 terms
Restricted Stock Units financial
"Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 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.
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition","transaction_code_description":"Payment of exercise price"
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.
contingent right financial
"represents a contingent right to receive 1 share of the issuer's Common Stock"
vesting financial
"The RSUs shall fully vest in three tranches, with one-third vesting on each of May 13"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Solventum (SOLV) CFO Wayde McMillan report in this Form 4?
Wayde D. McMillan reported exercising 9,503 RSUs into common stock on May 13, 2026. In connection with this vesting, 4,404 shares were withheld at $74.41 per share to cover tax obligations.
What RSU award did Solventum (SOLV) CFO McMillan exercise?
The CFO exercised 9,503 Restricted Stock Units, each representing a contingent right to receive one share of Solventum common stock. The RSUs vest in three tranches on May 13, 2025, 2026, and 2027, subject to continued service through each vesting date.
Were Solventum (SOLV) CFO McMillan’s transactions under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so these transactions are not reported as executed under a Rule 10b5-1 trading plan. The filing does not describe any separate pre-arranged trading arrangement.