Director at Chemours (NYSE: CC) receives 7,182 stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemours director Alister Cowan reported a grant of 7,182 stock units of Chemours common stock. The units were acquired at a stated price of $0.00 per share as a compensation award. Following this grant, Cowan directly holds 43,881.0397 shares or stock units in total.
The granted stock units, including deferred stock units and dividend equivalent units, will convert one-for-one into Chemours common stock when Cowan separates from service on the Board.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cowan Alister
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,182 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,881.04 shares (Direct, null)
Footnotes (1)
- Represents stock units that will convert one-for-one to Chemours common stock upon separation from service on the Board. Includes deferred stock units and dividend equivalent units.
Key Figures
Stock units granted: 7,182 units
Grant price: $0.00 per share
Holdings after grant: 43,881.0397 shares/units
+1 more
4 metrics
Stock units granted
7,182 units
Grant of Chemours common stock units to director Alister Cowan
Grant price
$0.00 per share
Compensation-related award, not open-market purchase
Holdings after grant
43,881.0397 shares/units
Total directly held by Alister Cowan following the transaction
Conversion ratio
1 unit = 1 share
Stock units convert one-for-one to Chemours common stock
Key Terms
stock units, deferred stock units, dividend equivalent units, separation from service
4 terms
stock units financial
"Represents stock units that will convert one-for-one to Chemours common stock upon separation from service on the Board."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
deferred stock units financial
"Includes deferred stock units and dividend equivalent units."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalent units financial
"Includes deferred 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.
separation from service financial
"convert one-for-one to Chemours common stock upon separation from service on the Board."
FAQ
What did Chemours (CC) director Alister Cowan report in this Form 4 filing?
Alister Cowan reported receiving a grant of 7,182 Chemours stock units as a compensation award. The units were recorded at a price of $0.00 per share and increase his directly held total to 43,881.0397 shares or stock units.
Are Alister Cowan’s 7,182 Chemours stock units an open-market purchase?
No, the 7,182 Chemours stock units are a grant or award, not an open-market purchase. The transaction code "A" and a price of $0.00 per share indicate a compensation-related acquisition rather than Cowan buying shares in the market.
When will Alister Cowan’s Chemours stock units convert into common stock?
The stock units will convert one-for-one into Chemours common stock when Alister Cowan separates from service on the Board. Until that separation event, they remain as stock units, including deferred stock units and dividend equivalent units credited to his account.
What do deferred stock units and dividend equivalent units mean for Chemours director awards?
Deferred stock units are promises to deliver Chemours shares in the future, typically tied to board service. Dividend equivalent units credit additional stock units corresponding to dividends that would have been paid, increasing the director’s future share count upon conversion to common stock.