Director Michael Shawn Simmons granted 5,550 KRO shares as equity award
Rhea-AI Filing Summary
Simmons Michael Shawn reported acquisition or exercise transactions in this Form 4 filing.
KRONOS WORLDWIDE INC director and vice chairman Michael Shawn Simmons received 5,550 shares of common stock as a grant under the company’s 2012 Director Stock Plan. The shares were valued at $7.22 per share for reporting purposes and were issued for no cash consideration.
Following this award, Simmons directly holds 10,550 shares of Kronos Worldwide common stock. This transaction reflects equity-based director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insights
Routine equity grant increases director’s direct share holdings modestly.
Vice Chairman Michael Shawn Simmons received 5,550 Kronos Worldwide common shares as a stock grant under the 2012 Director Stock Plan, with a reported value of $7.22 per share. The footnote clarifies these shares were issued for no cash consideration.
This is a standard non-derivative equity award, categorized as a grant/award acquisition rather than a market transaction. After the grant, Simmons holds 10,550 shares directly, indicating a modest increase in his equity stake. The event appears to be routine director compensation with limited implications beyond incremental alignment with shareholders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value per share | 5,550 | $7.22 | $40K |
Footnotes (1)
- F1. Shares issued for no cash consideration to directors under the Kronos Worldwide, Inc. 2012 Director Stock Plan.
Key Figures
Key Terms
non-derivative financial
grant/award acquisition financial
Director Stock Plan financial
transaction code A financial
FAQ
What insider transaction did KRONOS WORLDWIDE INC (KRO) report for Michael Shawn Simmons?
At what value was Michael Shawn Simmons’ KRO stock grant reported?
What does the transaction code A mean in the KRO insider filing for Simmons?
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