Chemours SVP reports equity grant and tax withholding
Chemours Co senior vice president and general counsel Kristine M. Wellman reported routine equity compensation transactions in company common stock.
Rhea-AI Filing Summary
Chemours Co senior vice president and general counsel Kristine M. Wellman reported routine equity compensation transactions in company common stock. She acquired 1,781 shares at no cost through performance stock units granted under the Long Term Incentive Plan, which vested after the compensation committee certified performance conditions were met.
To cover related tax obligations on vesting restricted stock units and dividend equivalent units, 675 shares were automatically withheld at a price of $18.41 per share; the footnotes state no shares were sold on the market. After these transactions and an adjustment correcting a prior administrative error, her directly owned, restricted stock unit, and dividend equivalent unit holdings total 51,401.6057 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,781 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 675 | $18.41 | $12K |
Footnotes (4)
- F1. These shares were granted to the Reporting Person as performance stock units under the Company's Long Term Incentive Plan as part of 2023 compensation and vested subject to the satisfaction of certain performance conditions, which the Company's Compensation and Leadership Development Committee certified as having occurred.
- F2. The total holdings have been adjusted to correct an administrative error in prior Form 4s.
- F3. 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.
- F4. Includes directly owned shares, restricted stock units and dividend equivalent units.
FAQ
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What insider transactions did Chemours (CC) executive Kristine Wellman report?
What do the footnotes in Kristine Wellman’s Chemours (CC) Form 4 explain?
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