Titan America (TTAM) awards 17,641 RSUs to Titan Florida president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morin Jason Pierre reported acquisition or exercise transactions in this Form 4 filing.
Titan America SA reported that Jason Pierre Morin, President of Titan Florida, received a grant of 17,641 restricted stock units (RSUs) tied to the company’s common stock. Each RSU represents a right to one share upon settlement.
The RSUs vest on March 31, 2029, provided Morin remains employed or in service through that date, and are subject to possible forfeiture or accelerated vesting under the grant’s terms. Following this award, his reported derivative holdings from this grant total 17,641 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morin Jason Pierre
Role
President, Titan Florida
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units - 2026 Grant | 17,641 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units - 2026 Grant — 17,641 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 17,641 units
Underlying common stock: 17,641 shares
Grant price: $0.00 per unit
+2 more
5 metrics
RSU grant size
17,641 units
Restricted Stock Units - 2026 Grant to President, Titan Florida
Underlying common stock
17,641 shares
Each RSU represents one share of Titan America SA common stock
Grant price
$0.00 per unit
Equity award granted with no cash exercise price
Total RSUs after grant
17,641 units
Total derivative holdings from this RSU grant following the transaction
Vesting date
March 31, 2029
RSUs vest subject to continued employment or service through this date
Key Terms
restricted stock unit, contingent right, vest, forfeiture, +1 more
5 terms
restricted stock unit financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"represents a contingent right to receive one share of Titan America SA common stock"
vest financial
"The RSUs vest on March 31, 2029, subject to continued employment or service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
forfeiture financial
"The grant is subject to forfeiture and accelerated vesting in accordance with its terms"
accelerated vesting financial
"subject to forfeiture and accelerated vesting in accordance with its terms"
FAQ
What insider transaction did Titan America (TTAM) report for Jason Pierre Morin?
Titan America reported that Jason Pierre Morin received a grant of 17,641 restricted stock units. These RSUs are linked to Titan America common stock and represent a form of equity-based compensation for his role as President of Titan Florida.
How many RSUs did Jason Pierre Morin receive from Titan America (TTAM)?
Jason Pierre Morin received 17,641 restricted stock units from Titan America. Each RSU corresponds to one share of common stock upon settlement, giving him a contingent equity interest that depends on vesting conditions and continued service through the specified date.
When do Jason Pierre Morin’s RSUs at Titan America (TTAM) vest?
The restricted stock units granted to Jason Pierre Morin vest on March 31, 2029. Vesting requires that he maintain employment or service with Titan America through that date, aligning his long-term incentives with the company’s performance and retention goals.
What conditions apply to the Titan America (TTAM) RSUs granted to Jason Pierre Morin?
The RSUs are subject to continued employment or service through March 31, 2029 and may be forfeited if conditions are not met. The grant also allows for accelerated vesting or forfeiture in accordance with its terms, adding detailed governance around the award.