[Form 4] Trinseo PLC Insider Trading Activity
Form 4 Overview – Trinseo PLC (TSE)
On 24 June 2025, Director Jeffrey J. Cote filed a Form 4 disclosing a tax-related share withholding that occurred on 21 June 2025. The transaction was coded “F,” indicating shares were withheld by the issuer solely to satisfy income-tax obligations stemming from the vesting of previously awarded restricted stock units. No open-market purchase or discretionary sale took place.
Key figures
- Shares withheld (disposed): 10,310 ordinary shares at an imputed price of $3.73 per share (≈ $38 k value).
- Direct holdings after transaction: 45,699 ordinary shares.
- Indirect holdings (Cote 2019 Irrevocable Indenture Trust): 150,600 shares.
- Total beneficial ownership after filing: 196,299 shares.
Because the disposition was for tax settlement, it does not signal a strategic change in Mr. Cote’s investment stance. The director retains the majority of his position, with post-transaction direct ownership declining by roughly 18% (10,310 of 56,009 previously held directly) but overall economic exposure remaining effectively unchanged. The filing is routine, carries no cash proceeds to the insider, and is unlikely to affect Trinseo’s fundamentals or governance profile.
- None.
- None.
Insights
TL;DR: Routine tax-withholding; small relative size; neutral signal for investors.
The Code F transaction shows Trinseo withheld 10,310 shares from Director Jeffrey Cote to cover taxes on RSU vesting. Such transactions are mechanical and do not represent discretionary selling pressure. After the withholding, Cote still controls ~196 k shares—over four times his direct stake before 2019 trust transfers—maintaining sizeable alignment with shareholders. Given the modest dollar value (≈ $38 k) and no change in total economic exposure, I classify the filing as neutral for valuation or sentiment purposes.