Titan America (TTAM) director discloses 5,849 RSU-based share rights
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Titan America SA director Santos Sandra Maria Soares reported initial derivative holdings on a Form 3. She holds restricted stock units tied to 5,849 shares of common stock. Each RSU represents a right to receive one share that will vest on March 31, 2026, if her service continues, with the grant subject to possible forfeiture or accelerated vesting under its terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Santos Sandra Maria Soares
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,849 shares (Direct)
Footnotes (1)
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FAQ
What insider position did Santos Sandra Maria Soares report at Titan America SA (TTAM)?
Santos Sandra Maria Soares reported holding restricted stock units representing 5,849 underlying shares of Titan America SA common stock. This filing establishes her initial disclosed derivative equity position as a director, without showing any recent share purchases, sales, or option exercises.
What do the restricted stock units reported by Titan America SA (TTAM) represent?
Each restricted stock unit represents a contingent right to receive one share of Titan America SA common stock upon settlement. The RSUs are derivative awards that convert into shares only if vesting conditions are satisfied and are not current outstanding common stock in her account.
When do the Titan America SA (TTAM) RSUs held by the director vest?
The restricted stock units vest on March 31, 2026, provided the director’s employment or service continues through that date. Vesting determines when the RSUs convert into actual shares of common stock, assuming no forfeiture occurs under the award’s specific terms.
Are the Titan America SA (TTAM) RSUs subject to forfeiture or accelerated vesting?
Yes. The footnote explains that the RSU grant is subject to forfeiture and potential accelerated vesting according to its terms. This means certain events or conditions could either cancel unvested units or cause them to vest earlier than March 31, 2026.
Does this Titan America SA (TTAM) Form 3 show any insider buying or selling?
No insider buying or selling is shown in this Form 3. It records a holding entry for restricted stock units linked to 5,849 shares, with no open-market purchases, sales, option exercises, gifts, or tax-withholding dispositions reported in the transaction summary.