Bryan C. Hanson - Sep 1, 2024 Form 4 Insider Report for Solventum Corp (SOLV)

Role
Chief Executive Officer, Director
Signature
/s/ Breanna L. Wise, attorney-in-fact for Bryan C. Hanson
Stock symbol
SOLV
Transactions as of
Sep 1, 2024
Transactions value $
-$1,696,863
Form type
4
Date filed
9/4/2024, 08:58 PM
Previous filing
May 15, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOLV Common Stock Options Exercise $0 +67.3K $0.00 67.3K Sep 1, 2024 Direct F1
transaction SOLV Common Stock Tax liability -$1.7M -26.5K -39.35% $64.11 40.8K Sep 1, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SOLV Restricted Stock Units Options Exercise $0 -67.3K -33.33% $0.00 135K Sep 1, 2024 Common Stock 67.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects vesting of Solventum RSUs received upon conversion of previously granted 3M RSUs. Each 3M RSU converted into the number of Solventum RSUs equal to the number of 3M Shares subject to such 3M RSU Award immediately prior to the Effective Time of the separation, multiplied by the SpinCo Ratio as set forth in the Employee Matters Agreement entered into in connection with the separation.
F2 Each Restricted Stock unit ("RSU") represents a contingent right to receive 1 share of the issuer's Class A Common Stock upon settlement.
F3 The RSUs shall fully vest in three tranches, with one-third vesting on each of the first through third anniversary of the grant date, subject to continued service through the vesting date.