Chemours Co (NYSE: CC) SVP reports 391-share tax withholding event
Rhea-AI Filing Summary
Chemours Co reported that SVP, GC & Corp. Secretary Kristine M. Wellman had 391 shares of common stock automatically withheld on August 1, 2026 at $16.61 per share to satisfy tax obligations on vesting restricted stock units and dividend equivalent units. Footnotes state that no shares were sold, and her direct holdings, including shares, restricted stock units and dividend equivalent units, total 74,418.8998 shares after this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 391 shares
Net Sell
1 txn
Insider
Wellman Kristine M
Role
SVP, GC & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 391 | $16.61 | $6K |
Holdings After Transaction:
Common Stock — 74,418.8998 shares (Direct)
Footnotes (2)
- F1. Shares automatically withheld to satisfy tax obligations on vesting restricted stock units and dividend equivalent units. Transactions are exempt from Section 16(b) pursuant to Rule 16b-3. No shares were sold.
- F2. Includes directly owned shares, restricted stock units and dividend equivalent units.
Key Figures
Shares withheld for taxes: 391 shares
Withholding price per share: $16.61 per share
Holdings after transaction: 74,418.8998 shares
3 metrics
Shares withheld for taxes
391 shares
Common stock automatically withheld on August 1, 2026 to satisfy tax obligations
Withholding price per share
$16.61 per share
Price applied to the 391 shares withheld for tax obligations
Holdings after transaction
74,418.8998 shares
Direct holdings including shares, restricted stock units and dividend equivalent units after withholding
Key Terms
restricted stock units, dividend equivalent units, Section 16(b), Rule 16b-3
4 terms
restricted stock units financial
"Shares automatically withheld to satisfy tax obligations on vesting restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"tax obligations on vesting restricted stock units and dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Section 16(b) regulatory
"Transactions are exempt from Section 16(b) pursuant to Rule 16b-3."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3 regulatory
"Transactions are exempt from Section 16(b) pursuant to Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Chemours (CC) report for Kristine M. Wellman?
Chemours reported that SVP, GC & Corp. Secretary Kristine M. Wellman had 391 common shares automatically withheld on August 1, 2026 to cover tax obligations arising from vesting restricted stock units and dividend equivalent units, rather than executing an open-market trade.
What are Kristine M. Wellman’s Chemours (CC) holdings after the reported transaction?
After the withholding, Kristine M. Wellman directly holds a total of 74,418.8998 shares. A footnote clarifies this amount includes directly owned shares, restricted stock units, and dividend equivalent units, reflecting her combined equity position in Chemours following the event.
Was the Chemours (CC) insider transaction made under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, and the footnotes do not reference any trading plan. The transaction is characterized as an automatic tax-withholding event on vesting equity awards, rather than activity under a pre-arranged 10b5-1 trading plan.