James E. Lillie of TIC (TIC) granted 12,500 RSUs and reports large share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TIC Solutions, Inc. director James E. Lillie reported an equity compensation grant and his updated holdings. He received 12,500 Restricted Stock Units (RSUs), each representing a right to one share of common stock, which vest on July 1, 2027, the one-year anniversary of the grant date.
Following the reported positions, he holds 1,816,291 shares of common stock directly, 92,500 shares of Series A Preferred Stock that are convertible into common stock on a one-for-one basis for no additional consideration, and 9,017 RSUs that vest on July 31, 2026. The Series A Preferred Stock is convertible at any time at the holder’s election and will automatically convert to common stock upon the earlier of a specified change in control dividend date or December 31, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
LILLIE JAMES E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,500 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,500 shares (Direct, null);
Series A Preferred Stock — 92,500 shares (Direct, null);
Common Stock — 1,816,291 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. These restricted stock units vest on July 31, 2026 (the one-year anniversary of the grant date). The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into share of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock upon the earlier of (i) immediately following the "change in control dividend date" (as defined in the Issuer's certificate of incorporation) and (ii) December 31, 2034. These restricted stock units vest on July 1, 2027 (the one-year anniversary of the grant date).
Key Figures
RSUs granted: 12,500 units
Common shares held: 1,816,291 shares
Series A Preferred Stock: 92,500 shares
+2 more
5 metrics
RSUs granted
12,500 units
Restricted Stock Units granted, vesting July 1, 2027
Common shares held
1,816,291 shares
Direct common stock ownership after reported transactions
Series A Preferred Stock
92,500 shares
Convertible 1:1 into common stock, automatic conversion by December 31, 2034
Existing RSUs
9,017 units
Restricted Stock Units vesting July 31, 2026
Automatic conversion date
December 31, 2034
Latest automatic conversion date for Series A Preferred Stock
Key Terms
Restricted Stock Units, Series A Preferred Stock, change in control dividend date, convertible
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock."
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.
Series A Preferred Stock financial
"The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into share of Common Stock for no additional consideration."
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
change in control dividend date financial
"immediately following the "change in control dividend date" (as defined in the Issuer's certificate of incorporation)"
convertible financial
"The Series A Preferred Stock is convertible at any time at the election of the holder"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What equity award did TIC (TIC) director James E. Lillie receive?
James E. Lillie received 12,500 Restricted Stock Units, each representing a right to one share of TIC Solutions common stock. These RSUs are a form of equity compensation and carry a zero exercise price, settling in shares upon vesting.
When do James E. Lillie’s new TIC (TIC) RSUs vest?
The newly granted 12,500 RSUs vest on July 1, 2027, the one-year anniversary of the grant date. Vesting means the units convert into common shares deliverable to the holder, subject to any applicable service or other conditions.
What Series A Preferred Stock position does James E. Lillie report in TIC (TIC)?
He reports holding 92,500 shares of Series A Preferred Stock, convertible into the same number of common shares for no additional consideration. The preferred shares are convertible at any time and automatically convert by December 31, 2034 or a defined change in control date.
What other RSUs does James E. Lillie hold in TIC (TIC)?
Beyond the new grant, he holds 9,017 RSUs, each representing a right to one TIC Solutions common share. According to the filing, these RSUs vest on July 31, 2026, one year after their respective grant date, subject to applicable vesting conditions.
Does James E. Lillie’s Form 4 show open-market buying or selling of TIC (TIC) stock?
The Form 4 primarily reflects a grant of RSUs and updated holdings, with no open-market purchases or sales reported. The transaction code “A” indicates a grant or award, rather than a market trade initiated by the reporting person.