Form 4: Luxfer Holdings PLC: Officer Megan Elizabeth Glise Reports Changes in Beneficial Ownership Following Resignation
SEC Form 4
Megan Elizabeth Glise, former General Counsel & Secretary of Luxfer Holdings PLC, reports changes in beneficial ownership of ordinary shares and restricted stock units following her resignation, effective November 1, 2024.
Summary
- Megan Elizabeth Glise, former General Counsel & Secretary of Luxfer Holdings PLC, filed a Form 4 on November 11, 2024, reporting changes in her beneficial ownership of Luxfer Holdings PLC ordinary shares and restricted stock units.
- The transactions occurred on November 8, 2024, and involve the vesting of restricted stock units and the disposal of shares to cover tax obligations.
- These changes are related to her voluntary resignation from employment with the Issuer, effective November 1, 2024, and are in accordance with the terms of an Executive Severance and Change in Control Agreement.
- Glise acquired a total of 3,561 ordinary shares through the vesting of restricted stock units.
- She disposed of 1,751 ordinary shares at a price of $14.65 to satisfy tax obligations.
- Following these transactions, Glise directly owns 7,396 ordinary shares.
- The filing also details the vesting and forfeiture of various time-based and performance-based restricted stock units awarded between March 2021 and March 2024.
- Remaining restricted stock units will be forfeited and lapse in accordance with the terms of the Agreement.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's departure. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to an executive's departure and the associated changes in their equity holdings. It's standard practice for companies to report such transactions to maintain transparency and comply with SEC regulations.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| General Counsel & Secretary | Megan Elizabeth Glise | November 1, 2024 | Voluntary resignation |
Stakeholder Impact
- Shareholders are informed about the changes in ownership by a key executive.
- Employees may be affected by the departure of the General Counsel & Secretary.
Key Dates
| Date | Description |
|---|---|
| March 15, 2021 | Date of award of time-based Restricted Stock Units that partially vested on November 8, 2024. |
| March 14, 2022 | Date of award of time-based and performance-based Restricted Stock Units that partially vested on November 8, 2024. |
| March 20, 2023 | Date of award of time-based Restricted Stock Units that partially vested on November 8, 2024. |
| March 18, 2024 | Date of award of time-based Restricted Stock Units that partially vested on November 8, 2024. |
| November 1, 2024 | Effective date of Megan Elizabeth Glise's resignation from Luxfer Holdings PLC. |
| November 8, 2024 | Date of transactions involving vesting of restricted stock units and disposal of shares. |
| November 11, 2024 | Date of Form 4 filing. |
| March 14, 2025 | Normal vesting date for some of the Restricted Stock Units awarded on March 14, 2022. |
| March 15, 2025 | Normal vesting date for some of the Restricted Stock Units awarded on March 15, 2021. |
| March 20, 2025 | Normal vesting date for some of the Restricted Stock Units awarded on March 20, 2023. |
| March 18, 2025 | Normal vesting date for some of the Restricted Stock Units awarded on March 18, 2024. |
| March 14, 2026 | Normal vesting date for some of the Restricted Stock Units awarded on March 14, 2022. |
| December 31, 2024 | End of the performance period for performance-based Restricted Stock Units awarded on March 14, 2022. |
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