Director at Tronox (NYSE: TROX) receives share award with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tronox Holdings plc director Sipho Nkosi reported equity compensation activity. He received 25,518 shares of previously granted restricted common stock as they vested, while the company withheld 1,705 shares to cover withholding tax obligations at $9.79 per share, and no shares were sold. After these transactions, Nkosi holds 86,333 shares of Tronox common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nkosi Sipho Abednego
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,705 | $9.79 | $17K |
| Grant/Award | Common Stock | 15,690 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 86,333 shares (Direct, null)
Footnotes (1)
- The Company withheld 1,705 shares to satisfy withholding tax obligations and Mr. Nkosi received the balance of 25,518 shares of previously granted restricted common stock. No shares were sold. Pursuant to the Director's restricted share unit agreement, the restricted share units subject to this grant shall vest on the earlier of: a) the date of the 2027 annual general meeting of shareholders or (b) May 31, 2027 (the "Vesting Date"), provided that the participant is then providing services to the Board on the Vesting Date.
Key Figures
Vested restricted shares received: 25,518 shares
Shares withheld for taxes: 1,705 shares
Tax withholding price: $9.79 per share
+2 more
5 metrics
Vested restricted shares received
25,518 shares
Previously granted restricted common stock vesting
Shares withheld for taxes
1,705 shares
Withholding tax obligations on vesting
Tax withholding price
$9.79 per share
Value used for 1,705 withheld shares
Shares held after transaction
86,333 shares
Common stock held directly post-Form 4 transactions
Grant/award acquisition reported
15,690 shares
Common stock grant at $0.00 per share
Key Terms
restricted common stock, withholding tax obligations, restricted share unit agreement, vest, +1 more
5 terms
restricted common stock financial
"Mr. Nkosi received the balance of 25,518 shares of previously granted restricted common stock."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
withholding tax obligations financial
"The Company withheld 1,705 shares to satisfy withholding tax obligations..."
vest financial
"The restricted share units subject to this grant shall vest on the earlier of the 2027 annual general meeting..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Vesting Date financial
"...or (b) May 31, 2027 (the "Vesting Date"), provided that the participant is then providing services..."
FAQ
What did Tronox (TROX) director Sipho Nkosi report in this Form 4?
Sipho Nkosi reported vesting of restricted Tronox shares and related tax withholding. He received 25,518 shares of previously granted restricted common stock, while 1,705 shares were withheld to satisfy tax obligations, with no open market sales reported in the filing.
What are Sipho Nkosi’s Tronox (TROX) holdings after these Form 4 transactions?
Following the reported vesting and tax withholding transactions, Sipho Nkosi directly holds 86,333 shares of Tronox common stock. This figure reflects his position after receiving 25,518 vested restricted shares and the withholding of 1,705 shares for taxes.
What type of equity award is involved in Sipho Nkosi’s Tronox (TROX) Form 4?
The Form 4 involves previously granted restricted common stock and restricted share units. A footnote explains that the restricted share units from this grant will vest on the earlier of the 2027 annual general meeting of shareholders or May 31, 2027, subject to continued board service.