Titan America SA (TTAM) CEO awarded 34,610 restricted stock units vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zarkalis Vassilios reported acquisition or exercise transactions in this Form 4 filing.
Titan America SA President and CEO Zarkalis Vassilios received a grant of 34,610 restricted stock units (RSUs) linked to common stock. Each RSU represents a contingent right to receive one share of Titan America SA common stock upon settlement.
The RSUs vest on March 31, 2029, provided he continues in employment or service through that date. The grant is subject to possible forfeiture and may vest earlier under certain accelerated vesting terms described in the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zarkalis Vassilios
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units - 2026 Grant | 34,610 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units - 2026 Grant — 34,610 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 34,610 units
Underlying common shares: 34,610 shares
Grant price per unit: $0.0000 per unit
+2 more
5 metrics
RSUs granted
34,610 units
Restricted Stock Units - 2026 Grant
Underlying common shares
34,610 shares
Each RSU equals one common share
Grant price per unit
$0.0000 per unit
Equity award, non-cash grant
Post-grant RSU holdings
34,610 units
Total RSUs following transaction
Vesting date
March 31, 2029
RSUs vest subject to continued service
Key Terms
Restricted Stock Units, contingent right, vest, accelerated vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
accelerated vesting financial
"The grant is subject to forfeiture and accelerated vesting in accordance with its terms"
FAQ
What insider transaction did Titan America SA (TTAM) report for its CEO?
Titan America SA reported that President and CEO Zarkalis Vassilios received a grant of 34,610 restricted stock units. These RSUs are a form of equity compensation that may convert into the same number of common shares if vesting conditions are met.
How many restricted stock units were granted to the Titan America SA (TTAM) CEO?
The CEO received 34,610 restricted stock units. Each unit represents a potential future share of Titan America SA common stock, subject to vesting and other conditions set out in the award documentation and related plan terms.
When do the Titan America SA (TTAM) CEO’s RSUs vest?
The RSUs granted to the CEO vest on March 31, 2029. Vesting depends on his continued employment or service through that date, meaning he must remain with Titan America SA until then for the units to settle in shares.
What does each Titan America SA (TTAM) RSU represent for the CEO grant?
Each restricted stock unit represents a contingent right to receive one share of Titan America SA common stock upon settlement. The rights only materialize if vesting conditions are satisfied and the award is not forfeited under its terms.
Are the Titan America SA (TTAM) CEO RSUs subject to forfeiture or acceleration?
Yes, the RSU grant is subject to forfeiture and accelerated vesting according to its terms. This means the award can be lost under certain conditions or, in specific circumstances, vest earlier than the scheduled March 31, 2029 date.