Chemours executive reports tax-withheld share disposition
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Chemours Co executive Joseph T. Martinko, President, Thermal & Specialized Solutions, had 663 shares of common stock automatically withheld on 2026-08-01 at $16.61 per share to satisfy tax obligations on vesting restricted stock units and dividend equivalent units. Footnotes state this was a tax-withholding disposition and that no shares were sold. After this event, Martinko holds a total of 54,818.5559 shares, including directly owned shares, restricted stock units and dividend equivalent units.
Insider Trade Summary
Tax Withholding: 663 shares
Tax Withholding
1 txn
Insider
Martinko Joseph T.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 663 | $16.61 | $11K |
Holdings After Transaction:
Common Stock — 54,818.5559 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: 663 shares
Per-share value for withholding: $16.61 per share
Total holdings after transaction: 54,818.5559 shares
3 metrics
Shares withheld for taxes
663 shares
Common stock automatically withheld on 2026-08-01 to satisfy tax obligations
Per-share value for withholding
$16.61 per share
Price applied to the 663 shares withheld for tax obligations
Total holdings after transaction
54,818.5559 shares
Total Chemours equity held by Martinko after tax-withholding disposition
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
"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.
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
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chemours Co (CC) report for Joseph T. Martinko?
Chemours Co reported that Joseph T. Martinko had 663 shares of common stock automatically withheld on 2026-08-01 to satisfy tax obligations from vesting restricted stock units and dividend equivalent units, with no shares sold.
Was the Chemours Co (CC) insider transaction under a Rule 10b5-1 trading plan?
The report indicates the Rule 10b5-1 checkbox was not affirmed, so the tax-withholding disposition of 663 shares was not reported as being executed under a Rule 10b5-1 trading plan.
What is Joseph T. Martinko’s role at Chemours Co (CC) in this insider report?
The report lists Joseph T. Martinko as an officer of Chemours Co with the position described as President, Thermal & Specialized Solutions, and it discloses his equity holdings after the tax-withholding event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
