TIC Solutions (TIC) VP & CAO reports RSU and PSU awards in Form 3
Rhea-AI Filing Summary
TIC Solutions, Inc. executive Warren Leslie, VP & Chief Accounting Officer, filed an initial statement of equity holdings. Leslie directly holds several grants of restricted stock units and performance stock units, each representing a contingent right to receive one share of common stock. RSU tranches cover 7,000, 4,965, 2,105 and 10,964 underlying shares, vesting between December 30, 2026 and March 16, 2029. Performance stock unit awards cover 14,000 and 21,930 underlying shares, each with a three-year performance period; the number of shares ultimately earned can increase or decrease based on performance and, if earned, will vest in 2028 or 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
WARREN LESLIE
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2, F1 | -- | -- | -- |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Restricted Stock Units F2, F5 | -- | -- | -- |
| holding | Performance Stock Units F7, F6 | -- | -- | -- |
| holding | Performance Stock Units F7, F8 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 25,034 shares (Direct);
Performance Stock Units — 35,930 shares (Direct)
Footnotes (8)
- F1. These restricted stock units vest on July 28, 2028.
- F2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F3. These restricted stock units vest on December 30, 2026.
- F4. These restricted stock units vest on September 16, 2027.
- F5. These restricted stock units vest on March 16, 2029.
- F6. These performance based restricted stock units have a three-year performance period and to the extent earned will vest on July 28, 2028. The number of shares of Common Stock that will be earned is subject to increase or decrease based on the result of the performance condition.
- F7. Each performance based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F8. These performance based restricted stock units have a three-year performance period and to the extent earned will vest on March 16, 2029. The number of shares of Common Stock that will be earned is subject to increase or decrease based on the result of the performance condition.
Key Figures
RSU underlying shares 1: 7,000 shares of common stock
RSU underlying shares 2: 4,965 shares of common stock
RSU underlying shares 3: 2,105 shares of common stock
+3 more
6 metrics
RSU underlying shares 1
7,000 shares of common stock
Restricted stock units vesting on July 28, 2028
RSU underlying shares 2
4,965 shares of common stock
Restricted stock units vesting on December 30, 2026
RSU underlying shares 3
2,105 shares of common stock
Restricted stock units vesting on September 16, 2027
RSU underlying shares 4
10,964 shares of common stock
Restricted stock units vesting on March 16, 2029
PSU underlying shares 1
14,000 shares of common stock
Performance stock units with three-year performance period, vesting July 28, 2028 if earned
PSU underlying shares 2
21,930 shares of common stock
Performance stock units with three-year performance period, vesting March 16, 2029 if earned
Key Terms
Restricted Stock Units, Performance Stock Units, contingent right, three-year performance period
4 terms
Restricted Stock Units financial
"These restricted stock units vest on December 30, 2026."
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.
Performance Stock Units financial
"These performance based restricted stock units have a three-year performance period"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common Stock"
three-year performance period financial
"have a three-year performance period and to the extent earned will vest"
FAQ
What does TIC (TIC) disclose about Warren Leslie in this Form 3?
TIC Solutions reports that Warren Leslie, its VP & Chief Accounting Officer, holds multiple grants of restricted stock units and performance stock units, each convertible into shares of TIC common stock upon vesting or meeting performance conditions.
How many TIC (TIC) restricted stock units does Warren Leslie report holding?
Warren Leslie reports RSU grants tied to 7,000, 4,965, 2,105 and 10,964 underlying TIC common shares. Each restricted stock unit represents a contingent right to receive one share of TIC common stock upon vesting.
When do Warren Leslie’s TIC (TIC) restricted stock units vest?
The RSU grants vest on December 30, 2026, September 16, 2027, July 28, 2028, and March 16, 2029. Vesting must occur before the underlying TIC common stock is delivered to Leslie under these awards.
What performance stock units does Warren Leslie hold in TIC (TIC)?
Leslie holds performance stock unit awards tied to 14,000 and 21,930 underlying TIC common shares. Each has a three-year performance period, and earned shares will vest in 2028 or 2029 depending on performance results.
AI-generated analysis. How Rhea-AI works. Not financial advice.
