Tronox (NYSE: TROX) director awarded RSUs, nets 12,685 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tronox Holdings plc director Jean Francois Turgeon reported routine equity compensation activity. He received a grant of 15,690 restricted share units of common stock, which are scheduled to vest on the earlier of the 2027 annual general meeting of shareholders or May 31, 2027, so long as he continues serving on the board. Separately, the company withheld 14,538 shares of previously granted restricted common stock to cover withholding tax obligations, and Mr. Turgeon received 12,685 shares from that vesting. After these transactions, he directly holds 739,471 Tronox common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Turgeon Jean Francois
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 14,538 | $9.79 | $142K |
| Grant/Award | Common Stock | 15,690 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 739,471 shares (Direct, null)
Footnotes (1)
- The Company withheld 14,538 shares to satisfy withholding tax obligations and Mr. Turgeon received the balance of 12,685 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
Restricted share units granted: 15,690 units
Shares withheld for taxes: 14,538 shares at $9.79
Shares received from vesting: 12,685 shares
+2 more
5 metrics
Restricted share units granted
15,690 units
Grant of restricted share units of common stock
Shares withheld for taxes
14,538 shares at $9.79
Shares withheld to satisfy withholding tax obligations
Shares received from vesting
12,685 shares
Restricted common stock received after tax withholding on prior award
Post-transaction holdings
739,471 shares
Total Tronox common shares directly owned after transactions
RSU vesting date
2027 AGM or May 31, 2027
New RSU grant vests on earlier of the two dates
Key Terms
restricted share unit, withholding tax obligations, restricted common stock, annual general meeting of shareholders
4 terms
withholding tax obligations financial
"The Company withheld 14,538 shares to satisfy withholding tax obligations and Mr. Turgeon received the balance..."
restricted common stock financial
"Mr. Turgeon received the balance of 12,685 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.
FAQ
What insider transactions did Tronox (TROX) director Jean Francois Turgeon report?
Jean Francois Turgeon reported a grant of 15,690 restricted share units and a tax-related share withholding. The company withheld 14,538 shares for taxes tied to a prior award, and he received 12,685 restricted shares, ending with 739,471 shares owned directly.