Trinseo (TSE) director Cote reports RSU forfeiture and 42,484-share restructuring
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trinseo PLC director Jeffrey J. Cote reported non-market updates to his holdings. A code J transaction reclassified 42,484 Ordinary Shares at a reported price of $0.00, categorized as an “other acquisition or disposition,” reflecting entity restructuring rather than an open-market trade. Following this, he directly holds 45,699 Ordinary Shares. A separate entry shows 170,503 Ordinary Shares held indirectly through the Cote 2019 Irrevocable Indenture Trust, which has a disinterested trustee for the benefit of Cote and his children. A footnote also describes a voluntary forfeiture of previously granted restricted stock units that had not vested or settled, so no shares were issued and no sale or purchase occurred.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
COTE JEFFREY J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 42,484 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 45,699 shares (Direct, null);
Ordinary Shares — 170,503 shares (Indirect, By Cote 2019 Irrevocable Indenture Trust)
Footnotes (1)
- Reflects a voluntary forfeiture by the Reporting Person of restricted stock units ("RSUs") that were previously granted on June 25, 2025. At the time of forfeiture, the RSU award was not vested or settled, in full or in part. Represents shares held by an irrevocable indenture trust having a disinterested trustee for the benefit of the reporting person and children (the "Cote 2019 Irrevocable Indenture Trust").
Key Figures
Code J shares: 42,484 shares
Direct holdings after transaction: 45,699 shares
Indirect trust holdings: 170,503 shares
+3 more
6 metrics
Code J shares
42,484 shares
Other acquisition or disposition at $0.00 per share
Direct holdings after transaction
45,699 shares
Ordinary Shares held directly after code J entry
Indirect trust holdings
170,503 shares
Ordinary Shares held by Cote 2019 Irrevocable Indenture Trust
Restructuring shares
42,484 shares
Classified as restructuring in transaction summary
Transaction price
$0.00 per share
Reported price for the 42,484-share code J transaction
Holding entries
1 entry
Non-transactional holding record on Form 4
Key Terms
restricted stock units ("RSUs"), irrevocable indenture trust, disinterested trustee, other acquisition or disposition, +1 more
5 terms
restricted stock units ("RSUs") financial
"Reflects a voluntary forfeiture by the Reporting Person of restricted stock units ("RSUs") that were previously granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
irrevocable indenture trust financial
"Represents shares held by an irrevocable indenture trust having a disinterested trustee"
disinterested trustee financial
"irrevocable indenture trust having a disinterested trustee for the benefit of the reporting person and children"
other acquisition or disposition financial
"transaction code description is "Other acquisition or disposition" for the code J entry"
indirect ownership financial
"total_shares_following_transaction of 170503.0000 reported as indirect ownership held by the trust"
FAQ
What insider activity did Trinseo (TSE) director Jeffrey Cote report?
Jeffrey Cote reported an “other” code J transaction involving 42,484 Ordinary Shares at $0.00 per share. The filing describes this as an other acquisition or disposition, indicating a restructuring-type adjustment rather than a traditional market buy or sell.
What indirect Trinseo (TSE) holdings are linked to Jeffrey Cote?
The filing shows 170,503 Ordinary Shares held indirectly via the Cote 2019 Irrevocable Indenture Trust. The trust has a disinterested trustee and is for the benefit of Cote and his children, so these shares are reported as indirect ownership.
What does the RSU forfeiture in the Trinseo (TSE) Form 4 mean?
A footnote explains Cote voluntarily forfeited restricted stock units granted June 25, 2025, before they vested or settled. Because the RSUs never vested or settled, no actual Trinseo shares were issued or sold in connection with this forfeiture event.
What does transaction code J signify in the Trinseo (TSE) Form 4?
Transaction code J is described as an “other acquisition or disposition” of securities. In this Form 4, it covers a 42,484-share adjustment at $0.00, which the summary classifies as restructuring activity rather than a straightforward purchase or sale of Trinseo shares.