Trinseo (TSE) CFO Stasse has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trinseo PLC executive David Phillip Stasse reported a tax-related share disposition. On the tax-withholding date of vesting for previously granted restricted stock units, 10,366 Ordinary Shares were withheld by the company at a price of $0.23 per share to cover taxes. After this tax-withholding disposition, Stasse directly owned 254,788 Ordinary Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stasse David Phillip
Role
EVP AND CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 10,366 | $0.23 | $2K |
Holdings After Transaction:
Ordinary Shares — 254,788 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Trinseo (TSE) report for David Phillip Stasse?
Trinseo reported a tax-withholding disposition for EVP and CFO David Phillip Stasse. The company withheld 10,366 Ordinary Shares upon vesting of restricted stock units to pay taxes due, rather than an open-market sale or purchase.
Was the Trinseo (TSE) insider transaction an open-market sale or a tax withholding?
The transaction was a tax withholding, not an open-market sale. The Form 4 footnote explains that shares were withheld by Trinseo to pay taxes due upon vesting of previously granted restricted stock units awarded to the executive.
What role does David Phillip Stasse hold at Trinseo (TSE) in this Form 4?
David Phillip Stasse is identified as Executive Vice President and Chief Financial Officer. The Form 4 reports his tax-withholding disposition of Trinseo Ordinary Shares related to the vesting of earlier granted restricted stock unit awards.