Titan America SA (TTAM) CFO discloses 30,875-share RSU position
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Titan America SA Chief Financial Officer Wilt Lawrence Hugh Jr. reported initial holdings of restricted stock units tied to the company’s common stock. The filing shows 30,875 underlying shares associated with these RSUs, which represent a right to receive common stock if conditions are met.
According to the footnote, each RSU converts into one share of common stock upon settlement and will vest on March 31, 2028, as long as the executive remains employed or in service through that date. The grant can be forfeited or vest earlier under certain conditions described in its terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wilt Lawrence Hugh Jr.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 30,875 shares (Direct)
Footnotes (1)
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FAQ
What insider position is reported for Titan America SA (TTAM)?
Titan America SA’s Chief Financial Officer, Wilt Lawrence Hugh Jr., reported holdings of restricted stock units. These RSUs relate to 30,875 underlying shares of common stock, reflecting a contingent equity-based stake rather than an immediate share purchase or sale.
How many restricted stock units does the TTAM CFO report?
The CFO reports restricted stock units linked to 30,875 underlying shares of Titan America SA common stock. Each unit represents a right to receive one share, subject to vesting conditions and the terms governing forfeiture or accelerated vesting events.
When do the Titan America SA RSUs for the CFO vest?
The RSUs vest on March 31, 2028, provided the reporting person remains employed or in service through that date. This long-term vesting schedule is designed to align the executive’s interests with the company’s multi-year performance horizon and retention goals.
What does each Titan America SA RSU represent in this filing?
Each restricted stock unit represents a contingent right to receive one share of Titan America SA common stock upon settlement. Actual receipt of shares depends on satisfying vesting conditions and is also subject to potential forfeiture or accelerated vesting as outlined in the grant terms.
Does this TTAM Form 3 show any insider buying or selling?
This Form 3 does not show insider share purchases or sales. It reports the CFO’s initial beneficial ownership in the form of restricted stock units, which may convert into common shares in the future if vesting and other conditions are satisfied under the award terms.