Tronox (TROX) director sells 18,563 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tronox Holdings plc director Jean Francois Turgeon reported an open-market sale of common stock tied to tax withholding. He sold 18,563 shares of Tronox common stock at a weighted average price of $6.5985 per share in a transaction coded as an open-market sale.
According to the footnotes, these shares were sold to cover tax withholding obligations from the vesting of previously granted restricted stock units, rather than as a discretionary sale of investment holdings. After this transaction, Turgeon beneficially owned 754,009 Tronox common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,563 shares ($122,488)
Net Sell
1 txn
Insider
Turgeon Jean Francois
Role
Director
Sold
18,563 shs ($122K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 18,563 | $6.5985 | $122K |
Holdings After Transaction:
Common Stock — 754,009 shares (Direct)
Footnotes (1)
- Represents the number of shares sold by the reporting person to cover tax withholding obligations in connection with the vesting of previously granted RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.3699 to $7.1600, inclusive. The reporting person undertakes to provide to Tronox Holdings plc, any security holder of Tronox Holdings plc or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
FAQ
What did Tronox (TROX) director Jean Francois Turgeon report in this Form 4?
Jean Francois Turgeon reported selling 18,563 shares of Tronox common stock. The shares were sold in an open-market transaction at a weighted average price of $6.5985 per share, primarily to satisfy tax withholding obligations from vesting restricted stock units.
Was the Tronox (TROX) insider sale a discretionary sale or for tax withholding?
The sale was for tax withholding. The filing states the 18,563 shares were sold to cover tax withholding obligations arising from the vesting of previously granted restricted stock units, indicating it was a tax-related transaction rather than a purely discretionary portfolio sale.