[Form 4/A] Trinseo PLC Amended Insider Trading Activity
Form 4/A overview: Trinseo PLC (TSE) director Jeffrey J. Cote reported an amended change in beneficial ownership dated 06/21/2025 and filed 06/27/2025. The sole reportable transaction is coded “F”, indicating shares were withheld to cover taxes upon vesting of previously granted restricted stock units and therefore not an open-market sale.
Key details
- 10,310 ordinary shares were withheld at a reference price of $3.73, reducing Mr. Cote’s direct holdings to 45,699 shares.
- The filing corrects the size of an indirect position held by the Cote 2019 Irrevocable Indenture Trust to 170,503 shares; no new transaction occurred for this block.
- Total beneficial ownership after the amendment equals 216,202 shares (direct + indirect).
Investor take-away: Because the F-code transaction is a routine tax-withholding event and the amendment merely restates indirect ownership, the filing carries minimal market impact. No purchase or discretionary sale was executed, and the insider remains a substantial shareholder.
- Director still holds approximately 216,202 shares, maintaining meaningful equity alignment with shareholders.
- Transaction coded 'F' denotes tax withholding, signalling that no discretionary selling pressure was applied to the market.
- 10,310 shares were removed from direct ownership, marginally reducing insider exposure.
- Need for an amendment highlights prior reporting inaccuracy, though it was promptly corrected.
Insights
TL;DR: Routine tax withholding; no open-market sale; negligible impact.
The sole F-coded entry reflects mandatory share withholding to satisfy tax obligations, a non-discretionary event that does not signal insider sentiment. The amendment’s only purpose is to correct the previously reported indirect share count, which now stands at 170,503 shares in a family trust. Post-adjustment, Cote retains more than 216k shares—evidence of continued alignment with shareholder interests. Given Trinseo’s average daily volume and market cap, disposal of 10k shares via withholding is immaterial. Overall, this Form 4/A is administratively necessary but not financially material to TSE valuation.