ASIX Form 4: Director Donald Newman receives 1,418 deferred units
Rhea-AI Filing Summary
AdvanSix Inc. (ASIX) director Donald P. Newman reported a transaction dated 09/30/2025 allocating 1,418 deferred stock units to his deferred stock unit fund under the AdvanSix Deferred Compensation Plan at an indicated value of $19.38 per unit. Each deferred stock unit represents the economic equivalent of one share and will be paid out in shares upon distribution. After this allocation, Mr. Newman beneficially owns 13,497 shares/units, which includes an additional 53 shares credited as dividend equivalents tied to unvested restricted stock units and deferred stock units acquired in transactions exempt from Rule 16a-11. The Form 4 was signed on behalf of Mr. Newman on 10/01/2025.
Positive
- Allocation of deferred stock units converts compensation into equity-linked units, aligning director economic interest with shareholders
- Clear disclosure including number of units (1,418), price per unit ($19.38), and post-transaction beneficial ownership (13,497) supports transparency
Negative
- None.
Insights
TL;DR: Routine deferred compensation allocation increases director's economic exposure by 1,418 units, no cash sale or exercise.
The filing documents a non-cash allocation of deferred stock units under the company's Deferred Compensation Plan, recorded at $19.38 per unit. Such allocations convert deferred compensation into equity-linked units and do not reflect an open-market purchase or sale. The post-transaction beneficial ownership of 13,497 units includes 53 dividend-equivalent units from exempt transactions, indicating modest incremental equity exposure but not a material change in control or stake.
TL;DR: Standard Section 16 filing showing director's compensation election, no governance red flags.
This Form 4 reflects a routine compliance disclosure for a director electing to receive deferred compensation in the form of stock units. The report was executed properly and includes customary explanatory notes about dividend equivalents and exempt transactions. There is no indication of insider trading, exercises, or disposals that would raise governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 1,418 | $19.38 | $27K |
Footnotes (1)
- Represents the allocation of deferred compensation to the reporting person's deferred stock unit fund account under the AdvanSix Inc. Deferred Compensation Plan. Each unit allocated under the stock unit fund represents the economic equivalent of one share of common stock. Units are paid out in shares of AdvanSix Inc. common stock upon distribution. Includes an additional 53 shares representing stock units credited as dividend equivalents in connection with unvested restricted stock units under the 2016 Stock Incentive Plan of AdvanSix Inc. and its Affiliates, as amended and restated, and deferred stock units under the AdvanSix Inc. Deferred Compensation Plan, which were acquired in transactions exempt from reporting under Rule 16a-11.
