CC Insider Filing: Chief Accounting Officer Withholds 2,374 Shares for Taxes
Rhea-AI Filing Summary
The Chemours Company (CC) reporting person Will David, identified as the company's Chief Accounting Officer, reported a routine tax-withholding transaction tied to vested restricted stock units and dividend equivalent units. On 08/12/2025 2,374 shares were withheld at a price of $12.42 to satisfy tax obligations; no shares were sold and the transaction is exempt under Rule 16b-3. After the withholding, Mr. David beneficially owns 25,189.8011 shares (direct ownership). The filing includes a Power of Attorney as Exhibit 24 and was signed by an attorney-in-fact on 08/14/2025.
Positive
- Proper disclosure of the withholding transaction with transaction code F and explanatory remarks
- Transaction exempt under Rule 16b-3, indicating it was an administrative tax-withholding on vested awards rather than an open-market sale
- Power of Attorney attached as Exhibit 24 and form signed by attorney-in-fact, showing filing formalities were followed
Negative
- None.
Insights
TL;DR: Routine tax-withholding on vested equity; minor change in reported holdings, no sales, no unusual trading activity.
The Form 4 discloses an internal tax-related withholding of 2,374 shares tied to vested restricted stock units and dividend equivalents at $12.42 per share. Such transactions are typically administrative and exempt under Rule 16b-3, indicating these were not discretionary open-market sales. The post-transaction beneficial ownership is 25,189.8011 shares direct, which is a small-scale holding change for an officer and unlikely to affect company control or signal a material change in insider sentiment.
TL;DR: Filing reflects routine equity compensation mechanics with appropriate disclosures and Power of Attorney attached.
The report properly identifies the reporting person and relationship (Chief Accounting Officer), lists the withholding as transaction code F with explanatory remarks, and cites Rule 16b-3 exemption. The presence of a Power of Attorney exhibit and attorney-in-fact signature indicates compliance with filing formalities. There are no disclosures of derivative exercises, open-market transactions, or departures that would raise governance concerns.