Equity awards granted to TIC Solutions (TIC) Chief Legal Officer in new Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHAN JENNIFER N reported acquisition or exercise transactions in this Form 4 filing.
TIC Solutions, Inc. reported that Chief Legal Officer Jennifer N. Phan received multiple equity awards in the form of restricted stock units and performance-based restricted stock units. Each unit represents a contingent right to receive one share of TIC common stock if the vesting conditions are met.
The grants include 76,023 restricted stock units that vest on March 16, 2029 and 23,391 restricted stock units that vest in three equal installments on the first through third anniversaries of the June 15, 2026 grant date. She also received 11,696 performance-based units with a three-year performance period that, to the extent earned, vest on March 16, 2029, and 46,784 additional performance-based units that vest based on achieving a specified stock price on or after June 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
PHAN JENNIFER N
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 23,391 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 76,023 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 46,784 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 11,696 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 23,391 shares (Direct, null);
Performance-Based Restricted Stock Units — 46,784 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 March 16, 2029. These restricted stock units vest in three equal installments on the first through third anniversaries of the grant date (June 15, 2026). Each performance-based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. 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. These performance-based restricted stock units will vest, subject to the Issuer's Common Stock achieving a specified stock price, on the later of (x) June 15, 2029 and (y) the calendar day following the achievement of such specified stock price prior to the expiration date.
Key Figures
Performance-based RSU grant: 11,696 units
Performance-based stock-price RSU grant: 46,784 units
Time-based RSU grant (single vesting date): 76,023 units
+3 more
6 metrics
Performance-based RSU grant
11,696 units
Grant of performance-based RSUs on June 15, 2026, vesting March 16, 2029 if earned
Performance-based stock-price RSU grant
46,784 units
Grant of performance-based RSUs on June 15, 2026, vesting on or after June 15, 2029
Time-based RSU grant (single vesting date)
76,023 units
Restricted stock units vesting on March 16, 2029
Time-based RSU grant (installments)
23,391 units
Restricted stock units vesting in three equal installments from June 15, 2026 anniversaries
Performance period
Three years
Performance period for one performance-based RSU grant ending by March 16, 2029
Expiration date reference
June 15, 2029
Later vesting date tied to stock-price performance-based RSUs
Key Terms
Restricted Stock Units, Performance-Based Restricted Stock Units, contingent right, performance period, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units vest on March 16, 2029."
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-Based Restricted Stock Units financial
"Each performance-based restricted stock unit represents a contingent right to receive one share"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
contingent right financial
"represents a contingent right to receive one share of the Issuer's Common Stock"
performance period financial
"These performance-based restricted stock units have a three-year performance period"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
specified stock price financial
"will vest, subject to the Issuer's Common Stock achieving a specified stock price"
