Trinseo (NYSE: TSE) SVP uses 1,496 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trinseo PLC senior vice president Francesca Reverberi reported two small share dispositions related to tax withholding, not open-market trading. On February 21 and 22, she transferred 1,163 and 333 ordinary shares, respectively, at $0.3276 per share to cover tax liabilities on vesting restricted stock units.
After these tax-withholding dispositions, Reverberi directly owned 162,635 Trinseo ordinary shares. The filing clarifies the shares were withheld by the company to pay taxes due upon the vesting of previously granted restricted stock units, rather than discretionary sales in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reverberi Francesca
Role
SVP, EM and Polymer Solutions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 333 | $0.3276 | $109.09 |
| Tax Withholding | Ordinary Shares | 1,163 | $0.3276 | $381.00 |
Holdings After Transaction:
Ordinary Shares — 162,635 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Trinseo (TSE) report for Francesca Reverberi?
Trinseo reported that executive Francesca Reverberi disposed of small blocks of shares to cover tax withholding on vested restricted stock units, rather than selling shares in the open market. Two transactions occurred on February 21 and 22, involving 1,163 and 333 ordinary shares.
What does transaction code F mean in the Trinseo (TSE) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this Trinseo filing, it reflects shares withheld by the company to cover taxes owed when restricted stock units vested for executive Francesca Reverberi.