Luxfer Holdings (LXFR) officer gains 18,310 shares after RSU and performance awards vest
Rhea-AI Filing Summary
Luxfer Holdings officer Mead Howard Ioan reported a series of equity compensation events involving restricted stock units that vested and were exercised into Ordinary Shares. On March 17–18, 2026, he exercised a total of 14,695 restricted stock units into shares, including time-based awards and performance-based awards.
Footnotes state that certain units represented 25% vesting tranches from grants made in March 2024 and March 2025, with remaining tranches scheduled through 2029, and that performance-based units vested at 221% and 125% of target after achieving EPS growth and relative total shareholder return goals for the period ended December 31, 2025. The company withheld 6,357 Ordinary Shares at prices around $11.80–$11.82 per share to cover tax obligations, and Howard Ioan now directly holds 18,310 Ordinary Shares.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting and tax withholding with performance targets met.
Luxfer Holdings granted and vested several restricted stock unit awards for officer Mead Howard Ioan, then converted them into Ordinary Shares. These include both time-based tranches and performance-based awards tied to earnings per share and relative total shareholder return goals.
Performance-based RSUs vested at 221% and 125% of target after meeting EPS growth and TSR goals for the period ended December 31, 2025, indicating the company hit those internal performance hurdles. Shares were issued at a nominal $1.00 per Ordinary Share, consistent with the 1-for-1 RSU conversion described in the footnotes.
The filing also shows tax-withholding dispositions totaling 6,357 Ordinary Shares at about $11.80 per share, which are not open-market sales but shares withheld to satisfy tax liabilities on vesting. After these transactions, Howard Ioan directly holds 18,310 Ordinary Shares. Overall, this appears to be routine compensation and tax settlement activity rather than a discretionary market trade.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 954 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,001 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,001 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 5,940 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,940 | $0.00 | -- |
| Exercise | Ordinary Shares | 954 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 413 | $11.82 | $5K |
| Exercise | Ordinary Shares | 7,001 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 3,028 | $11.82 | $36K |
| Exercise | Ordinary Shares | 5,940 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 2,569 | $11.82 | $30K |
| Exercise | Restricted Stock Units | 800 | $0.00 | -- |
| Exercise | Ordinary Shares | 800 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 347 | $11.80 | $4K |
Footnotes (1)
- 1 for 1, subject to a nominal payment of $1.00 per Ordinary Share. Represents 25% of the Restricted Stock Units granted on March 17, 2025. The remaining Restricted Stock Units will vest in three equal tranches on March 17, 2027, 2028 and 2029. Represents 25% of the Restricted Stock Units granted on March 18, 2024. The remaining Restricted Stock Units will vest in two equal tranches on March 18, 2027 and 2028. Represents the grant of performance-based Restricted Stock Units (at 221% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of EPS growth goals for the performance period ended December 31, 2025. Represents the 100% vesting of performance-based Restricted Stock Units (at 221% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of EPS growth goals for the performance period ended December 31, 2025. Represents the grant of performance-based Restricted Stock Units (at 125% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of relative total shareholder return (TSR) goals for the performance period ended December 31, 2025. Represents the 100% exercise of performance-based Restricted Stock Units (at 125% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of relative total shareholder return (TSR) goals for the performance period ended December 31, 2025.