Solventum (SOLV) CFO exercises RSUs and uses 4,404 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Solventum Corp’s Chief Financial Officer Wayde D. McMillan reported routine equity compensation activity involving Restricted Stock Units (RSUs) and common stock. On May 13, 2026, he exercised RSUs covering 9,503 shares of common stock, with no cash exercise price.
To cover tax obligations, 4,404 shares of common stock were disposed of in a tax-withholding transaction at $74.41 per share, which is not an open-market sale. Following these transactions, he directly held 53,041 shares of Solventum common stock and 9,504 RSUs that remain outstanding and continue to vest over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,503 shares exercised/converted
Mixed
3 txns
Insider
McMillan Wayde D.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,503 | $0.00 | -- |
| Exercise | Common Stock | 9,503 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,404 | $74.41 | $328K |
Holdings After Transaction:
Restricted Stock Units — 9,504 shares (Direct, null);
Common Stock — 53,041 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Common Stock upon settlement. 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
+2 more
5 metrics
RSUs exercised
9,503 shares
Restricted Stock Units converted to common stock on May 13, 2026
Tax-withholding shares
4,404 shares
Shares disposed to cover tax liability at $74.41 per share
Tax-withholding price
$74.41 per share
Price for tax-withholding disposition of common stock
Common shares held after
53,041 shares
Direct Solventum common stock holdings following transactions
RSUs outstanding after
9,504 units
Restricted Stock Units remaining after one tranche vested
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security
3 terms
Restricted Stock Unit financial
"Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Common Stock upon settlement."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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 security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What did Solventum (SOLV) CFO Wayde McMillan report on this Form 4?
Solventum’s CFO Wayde McMillan reported exercising Restricted Stock Units into 9,503 shares of common stock and a related tax-withholding share disposition. These transactions reflect equity compensation activity rather than open-market buying or selling of SOLV shares.
What are the Solventum (SOLV) CFO’s holdings after these transactions?
After the reported transactions, the CFO directly held 53,041 shares of Solventum common stock. He also had 9,504 Restricted Stock Units outstanding, which represent additional contingent rights to receive common shares upon future vesting and settlement.