TIC Solutions: Institutional holder disclosure amendment
Viking Global Investors and affiliated entities report beneficial ownership of 35,824,562 shares of TIC Solutions common stock, representing 16.2% of the class based on 221,039,674 shares outstanding as of March 31, 2026. This Amendment No. 1 removes David C. Ott as a reporting person effective March 31, 2026, because he retired and no longer beneficially owns any of the reported shares. The outstanding-share count is sourced to TIC Solutions' Form 10-Q filed May 6, 2026.
TIC Solutions: Institutional holder disclosure amendment
Viking Global Investors and affiliated entities report beneficial ownership of 35,824,562 shares of TIC Solutions common stock, representing 16.2% of the class based on 221,039,674 shares outstanding as of March 31, 2026. This Amendment No. 1 removes David C. Ott as a reporting person effective March 31, 2026, because he retired and no longer beneficially owns any of the reported shares. The outstanding-share count is sourced to TIC Solutions' Form 10-Q filed May 6, 2026.
TIC Solutions, Inc. ownership update: Gates Capital Management and related reporting persons state beneficial ownership of 21,850,000 shares, representing 9.9% of the class. The percentage is calculated using 221,153,392 shares outstanding as of March 6, 2026. The filing is a joint Schedule 13G/A amendment signed May 15, 2026, listing shared voting and dispositive power of 21,850,000 shares across the reporting persons.
TIC Solutions, Inc. ownership update: Gates Capital Management and related reporting persons state beneficial ownership of 21,850,000 shares, representing 9.9% of the class. The percentage is calculated using 221,153,392 shares outstanding as of March 6, 2026. The filing is a joint Schedule 13G/A amendment signed May 15, 2026, listing shared voting and dispositive power of 21,850,000 shares across the reporting persons.
TIC Solutions, Inc. reported strong top-line growth but a wider loss for the three months ended March 31, 2026. Revenue reached $488.0 million, up from $234.2 million a year earlier, largely from the August 2025 acquisition of NV5 Global, Inc.
Legacy Inspection and Mitigation revenue was roughly flat at $234.8 million, while new Consulting Engineering and Geospatial segments contributed $187.3 million and $65.9 million, respectively. Overall gross margin improved to 33% from 19%, reflecting the higher-margin NV5 businesses.
Despite margin expansion, higher operating costs, depreciation, amortization and interest tied to acquisition financing led to a larger net loss of $41.5 million versus $25.8 million last year. Cash and cash equivalents were $426.6 million, and term loans totaled about $1.63 billion. Management highlights $1.1 billion of remaining performance obligations and believes existing liquidity and credit capacity are sufficient for near-term needs.
TIC Solutions, Inc. reported strong top-line growth but a wider loss for the three months ended March 31, 2026. Revenue reached $488.0 million, up from $234.2 million a year earlier, largely from the August 2025 acquisition of NV5 Global, Inc.
Legacy Inspection and Mitigation revenue was roughly flat at $234.8 million, while new Consulting Engineering and Geospatial segments contributed $187.3 million and $65.9 million, respectively. Overall gross margin improved to 33% from 19%, reflecting the higher-margin NV5 businesses.
Despite margin expansion, higher operating costs, depreciation, amortization and interest tied to acquisition financing led to a larger net loss of $41.5 million versus $25.8 million last year. Cash and cash equivalents were $426.6 million, and term loans totaled about $1.63 billion. Management highlights $1.1 billion of remaining performance obligations and believes existing liquidity and credit capacity are sufficient for near-term needs.
TIC Solutions, Inc. reported record first-quarter 2026 revenue of $488.0 million, reflecting the addition of NV5 and 4.3% combined growth, including 2.2% organic growth. Despite the top-line strength, the company posted a net loss of $41.5 million and Adjusted EBITDA of $57.7 million.
Management reaffirmed full-year 2026 guidance for revenue of $2,150 to $2,250 million and Adjusted EBITDA of $330 to $355 million. As of March 31, 2026, TIC Solutions reported total liquidity of $537.5 million and total term loan debt of $1.6 billion.
TIC Solutions, Inc. reported record first-quarter 2026 revenue of $488.0 million, reflecting the addition of NV5 and 4.3% combined growth, including 2.2% organic growth. Despite the top-line strength, the company posted a net loss of $41.5 million and Adjusted EBITDA of $57.7 million.
Management reaffirmed full-year 2026 guidance for revenue of $2,150 to $2,250 million and Adjusted EBITDA of $330 to $355 million. As of March 31, 2026, TIC Solutions reported total liquidity of $537.5 million and total term loan debt of $1.6 billion.
TIC Solutions, Inc. filed an amendment to its annual report mainly to add previously omitted Part III information on directors, executive officers, corporate governance and compensation, and to correct an omission in its insider trading disclosures.
The amendment details the board’s composition and committee structure, describes governance documents such as corporate governance guidelines, codes of conduct and committee charters, and outlines insider trading and anti‑hedging policies. It explains the 2025 executive pay program, including base salaries, annual cash incentives tied to a consolidated Adjusted EBITDA target of $186 million, and long‑term equity incentives using time‑ and performance‑based restricted stock units.
The filing notes that 2025 Adjusted EBITDA fell below the threshold, so key executives did not earn annual cash bonuses, though certain retention and transaction-related equity awards were granted. It reports total 2025 compensation for former CEO Talman Pizzey of $2,741,682 and calculates a CEO-to-median employee pay ratio of 52:1. The amendment also discloses a Rule 10b5‑1 trading plan adopted by director Dickerson Wright covering up to 1,200,000 shares and provides updated security ownership information, with 221,042,604 shares outstanding as of April 24, 2026.
TIC Solutions, Inc. filed an amendment to its annual report mainly to add previously omitted Part III information on directors, executive officers, corporate governance and compensation, and to correct an omission in its insider trading disclosures.
The amendment details the board’s composition and committee structure, describes governance documents such as corporate governance guidelines, codes of conduct and committee charters, and outlines insider trading and anti‑hedging policies. It explains the 2025 executive pay program, including base salaries, annual cash incentives tied to a consolidated Adjusted EBITDA target of $186 million, and long‑term equity incentives using time‑ and performance‑based restricted stock units.
The filing notes that 2025 Adjusted EBITDA fell below the threshold, so key executives did not earn annual cash bonuses, though certain retention and transaction-related equity awards were granted. It reports total 2025 compensation for former CEO Talman Pizzey of $2,741,682 and calculates a CEO-to-median employee pay ratio of 52:1. The amendment also discloses a Rule 10b5‑1 trading plan adopted by director Dickerson Wright covering up to 1,200,000 shares and provides updated security ownership information, with 221,042,604 shares outstanding as of April 24, 2026.
TIC Solutions, Inc. Chief Executive Officer Benjamin Heraud updated his equity holdings in an amended Form 4. He now directly holds 115,465 shares of Common Stock plus several blocks of restricted stock units (RSUs) and performance-based RSUs that each represent the right to receive one share of Common Stock.
The filing corrects a prior Form 4 by adding a grant of 49,301 RSUs that was inadvertently omitted. These RSUs vest on March 16, 2029. Other RSUs referenced include 35,715 units vesting on March 16, 2029 and 76,755 units vesting on September 30, 2028.
The amendment also reports that 35,714 performance-based RSUs were disposed of to the issuer and forfeited because minimum performance criteria were not met. Separate performance-based RSUs covering 153,508 underlying shares remain outstanding, with a three-year performance period and potential vesting on March 16, 2029 depending on financial performance.
TIC Solutions, Inc. Chief Executive Officer Benjamin Heraud updated his equity holdings in an amended Form 4. He now directly holds 115,465 shares of Common Stock plus several blocks of restricted stock units (RSUs) and performance-based RSUs that each represent the right to receive one share of Common Stock.
The filing corrects a prior Form 4 by adding a grant of 49,301 RSUs that was inadvertently omitted. These RSUs vest on March 16, 2029. Other RSUs referenced include 35,715 units vesting on March 16, 2029 and 76,755 units vesting on September 30, 2028.
The amendment also reports that 35,714 performance-based RSUs were disposed of to the issuer and forfeited because minimum performance criteria were not met. Separate performance-based RSUs covering 153,508 underlying shares remain outstanding, with a three-year performance period and potential vesting on March 16, 2029 depending on financial performance.
O'Brien Mary Jo reported acquisition or exercise transactions in this Form 4 filing.
TIC Solutions, Inc. Chief Human Resources Officer Mary Jo O'Brien reported an amended insider filing to reflect a previously omitted equity award. On March 16, 2026, she received a grant of 20,045 restricted stock units (RSUs), each representing a contingent right to one share of TIC common stock.
These RSUs vest on March 16, 2029, aligning with long-term retention and performance horizons. The filing also shows she directly holds 290,269 shares of common stock, 24,671 performance-based RSUs that may increase or decrease based on a three-year performance period, and 12,336 time-based RSUs, all ultimately deliverable in common shares.
O'Brien Mary Jo reported acquisition or exercise transactions in this Form 4 filing.
TIC Solutions, Inc. Chief Human Resources Officer Mary Jo O'Brien reported an amended insider filing to reflect a previously omitted equity award. On March 16, 2026, she received a grant of 20,045 restricted stock units (RSUs), each representing a contingent right to one share of TIC common stock.
These RSUs vest on March 16, 2029, aligning with long-term retention and performance horizons. The filing also shows she directly holds 290,269 shares of common stock, 24,671 performance-based RSUs that may increase or decrease based on a three-year performance period, and 12,336 time-based RSUs, all ultimately deliverable in common shares.
TIC Solutions director Pizzey Talman reported multiple equity compensation events on March 31, 2026 tied to his retirement. Under a separation agreement, 146,666 restricted stock units were accelerated and settled for an equal number of common shares. To cover tax liabilities, 40,188 and 40,187 shares of common stock were withheld at $6.58 per share. After these transactions, Talman directly held 502,958 shares of common stock. Previously granted performance-based restricted stock units were forfeited under the separation agreement, while 110,000 performance-based units remain outstanding, subject to share price and performance conditions and scheduled vesting dates through 2027.
TIC Solutions director Pizzey Talman reported multiple equity compensation events on March 31, 2026 tied to his retirement. Under a separation agreement, 146,666 restricted stock units were accelerated and settled for an equal number of common shares. To cover tax liabilities, 40,188 and 40,187 shares of common stock were withheld at $6.58 per share. After these transactions, Talman directly held 502,958 shares of common stock. Previously granted performance-based restricted stock units were forfeited under the separation agreement, while 110,000 performance-based units remain outstanding, subject to share price and performance conditions and scheduled vesting dates through 2027.
TIC Solutions ownership update: Permian-affiliated entities report beneficial ownership of common stock, including 21,945,094 shares (9.9%) held by Permian Investment Partners and related Permian funds. The filing cites 221,153,392 shares outstanding as of March 6, 2026.
The statement is a joint Schedule 13G/A clarifying shared voting and dispositive power across Permian funds and Permian GP, LLC; Permian, as investment adviser, may be deemed to exercise voting and dispositive power for the Managed Accounts. Signatures are provided by an authorized representative.
TIC Solutions ownership update: Permian-affiliated entities report beneficial ownership of common stock, including 21,945,094 shares (9.9%) held by Permian Investment Partners and related Permian funds. The filing cites 221,153,392 shares outstanding as of March 6, 2026.
The statement is a joint Schedule 13G/A clarifying shared voting and dispositive power across Permian funds and Permian GP, LLC; Permian, as investment adviser, may be deemed to exercise voting and dispositive power for the Managed Accounts. Signatures are provided by an authorized representative.
SCHULTES KRISTIN B reported acquisition or exercise transactions in this Form 4 filing.
TIC Solutions, Inc. granted Chief Financial Officer Kristin B. Schultes new equity awards in the form of stock units. On March 16, 2026, she received 44,408 restricted stock units, 52,632 restricted stock units, and 105,263 performance-based restricted stock units, each representing a contingent right to one share of common stock.
The time-based units vest on September 16, 2027 and March 16, 2029, while the performance-based units have a three-year performance period and, to the extent earned, will vest on March 16, 2029 based on specified performance conditions. The filing reports no share sales, only compensation-related grants and existing holdings.
SCHULTES KRISTIN B reported acquisition or exercise transactions in this Form 4 filing.
TIC Solutions, Inc. granted Chief Financial Officer Kristin B. Schultes new equity awards in the form of stock units. On March 16, 2026, she received 44,408 restricted stock units, 52,632 restricted stock units, and 105,263 performance-based restricted stock units, each representing a contingent right to one share of common stock.
The time-based units vest on September 16, 2027 and March 16, 2029, while the performance-based units have a three-year performance period and, to the extent earned, will vest on March 16, 2029 based on specified performance conditions. The filing reports no share sales, only compensation-related grants and existing holdings.