Solstice Advanced Materials Inc.
02/25/2026 | Press release | Distributed by Public on 02/25/2026 16:12
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 24, 2026 (the "Grant Date"), Solstice Advanced Materials Inc. (the "Company") granted restricted stock units ("RSUs") and performance stock units ("PSUs") pursuant to the 2025 Stock Incentive Plan of Solstice Advanced Materials Inc. and its affiliates (the "Plan") to certain employees, including the executive officers listed below. The table below includes the number of RSUs and the target number of PSUs granted to each of the executive officers on the Grant Date. Each RSU and each PSU represents the contingent right to receive one share of the Company's common stock, subject to the terms and conditions of the Plan and the applicable award agreement.
| Name | Position | Number of RSUs (#) |
Target Number of PSUs (#)
|
|||||||||||||||||
| David Sewell | President and Chief Executive Officer | 46,244 | 46,244 | |||||||||||||||||
| Jason Clifford | Senior Vice President and Chief Human Resources Officer | 4,625 | 4,625 | |||||||||||||||||
| Jeffrey Dormo | Senior Vice President, Refrigerants & Applied Solutions | 7,115 | 7,115 | |||||||||||||||||
| Simon Mawson | Senior Vice President, Electronic & Specialty Materials | 6,048 | 6,048 | |||||||||||||||||
| Tina Pierce | Senior Vice President, Chief Financial Officer | 9,961 | 9,961 | |||||||||||||||||
The RSUs generally will vest in equal annual installments on the first three anniversaries of the Grant Date, subject to the executive's continued employment, and each RSU award is subject to the terms and conditions of the Plan and of a restricted stock unit agreement in the form previously filed by the Company with the Securities and Exchange Commission (the "SEC").
The PSUs generally will vest after the end of a three-year performance period consisting of the Company's fiscal years 2026 through 2028, to the extent earned based on the achievement of specified performance goals related to adjusted earnings per share and return on invested capital, subject to a modifier based on relative total shareholder return, and further subject to the executive's continued employment. Each PSU award is subject to the terms and conditions of the Plan and of a performance stock unit agreement in the form filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
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