Chemours (NYSE: CC) CEO gets 2,261 shares; 742 withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemours Co Chief Executive Officer Denise Dignam received 2,261 shares of common stock as a performance-based stock award tied to 2023 compensation, issued at no cash cost to her after performance conditions were certified. To cover taxes on vesting, 742 shares were automatically withheld at $18.4100 per share, and the footnotes state that no shares were sold. Following these transactions and an adjustment for a prior administrative error, her directly owned and related holdings total 187,995.8721 shares, including restricted stock units and dividend equivalent units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dignam Denise
Role
Chief Execitive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,261 | $0.00 | -- |
| Tax Withholding | Common Stock | 742 | $18.41 | $14K |
Holdings After Transaction:
Common Stock — 188,737.872 shares (Direct)
Footnotes (1)
- 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. The total holdings have been adjusted to correct an administrative error in prior Form 4s. 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. Includes directly owned shares, restricted stock units and dividend equivalent units.
FAQ
What did Chemours (CC) CEO Denise Dignam report in this Form 4?
Denise Dignam reported a stock award and related tax withholding. She received 2,261 Chemours common shares from performance stock units, and 742 shares were automatically withheld to satisfy tax obligations upon vesting, with her total reported holdings now 187,995.8721 shares including units.
What do the performance stock units in Chemours (CC) CEO’s award represent?
The performance stock units convert into shares only if conditions are met. In this case, 2,261 units granted as part of 2023 compensation vested after performance goals were certified as achieved, resulting in delivery of an equivalent number of Chemours common shares to the CEO.