Form 4: Chemours Co: Officer Wellman Reports Tax Withholding of Shares
SEC Form 4 Filing
Kristine M. Wellman, SVP, GC & Corp. Secretary of Chemours Co, reports the withholding of 1,726 common stock shares to cover tax obligations on vesting restricted stock units dividend equivalent units.
Summary
- On March 1, 2024, Kristine M. Wellman, an officer of Chemours Co, reported a transaction involving the withholding of 1,726 shares of common stock to satisfy tax obligations.
- The shares were withheld at a price of $20.78 per share.
- Following the transaction, Wellman beneficially owns 28,500.2085 shares of Chemours Co common stock, including directly owned shares, restricted stock units, and dividend equivalent units.
- The transaction was exempt from Section 16(b) pursuant to Rule 16b-3.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. There is nothing inherently positive or negative, but it reflects compliance, hence a neutral to slightly positive sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related event.
Key Dates
| Date | Description |
|---|---|
| 2023/07/19 | Date of Power of Attorney execution. |
| 2024/03/01 | Date of transaction: Shares withheld for tax obligations. |
| 2024/03/05 | Date of report filing. |
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