Chemours Co (CC) CFO withholds 3,087 shares to satisfy tax obligations
Rhea-AI Filing Summary
Chemours Co Chief Financial Officer Shane Hostetter reported a disposition of 3,087 shares of common stock on 2026-08-06. According to the disclosure, these shares were automatically withheld to satisfy tax obligations upon vesting of restricted stock units and related dividend equivalent units, and no shares were sold. Following this tax-withholding transaction, Hostetter directly holds a total of 99,347.7058 shares, including common shares, restricted stock units, and dividend equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,087 shares
Net Sell
1 txn
Insider
HOSTETTER SHANE
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 3,087 | $15.11 | $47K |
Holdings After Transaction:
Common Stock — 99,347.7058 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: 3,087 shares
Per-share value for withholding: $15.11 per share
Post-transaction holdings: 99,347.7058 shares
3 metrics
Shares withheld for taxes
3,087 shares
Common stock automatically withheld on 2026-08-06 to satisfy tax obligations
Per-share value for withholding
$15.11 per share
Valuation applied to the 3,087 shares withheld for tax obligations
Post-transaction holdings
99,347.7058 shares
Directly owned Chemours Co shares including RSUs and dividend equivalent units after transaction
Key Terms
restricted stock units, dividend equivalent units, Rule 16b-3, Section 16(b)
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
"vesting restricted stock units and dividend equivalent units. No shares were sold"
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.
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.
Section 16(b) regulatory
"Shares automatically withheld... Transactions are exempt from Section 16(b)"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Chemours Co (CC) CFO Shane Hostetter report?
Chemours Co CFO Shane Hostetter reported 3,087 shares of common stock being withheld for tax obligations on 2026-08-06, related to vesting restricted stock units and dividend equivalent units.
What code was used in the Chemours Co (CC) CFO’s Form 4 transaction?
The transaction used code F, described as payment of tax liability by delivering or withholding securities. The filing clarifies the shares were withheld for taxes on vesting awards, not sold for investment purposes.
Are Chemours Co (CC) CFO’s tax-withholding transactions subject to Section 16(b)?
The filing states the tax-withholding transactions are exempt from Section 16(b) under Rule 16b-3, because the shares were automatically withheld to satisfy tax obligations tied to equity award vesting.