4/A: Trinseo Director Amends Beneficial Ownership Filing, Corrects Indirect Shareholdings
Insider Ownership Amendment
Trinseo PLC Director Jeffrey J. Cote filed an amended Form 4 to correct the reported number of indirectly held shares and disclose a tax-related disposition of 10,310 ordinary shares.
Summary
- Jeffrey J. Cote, a Director of Trinseo PLC, filed an amended Form 4 (Form 4/A) with the SEC.
- The primary purpose of this amendment is to correct the number of shares indirectly held by Mr. Cote.
- The corrected indirect beneficial ownership is 170,503 Ordinary Shares, held through the Cote 2019 Irrevocable Indenture Trust.
- The filing also reports a disposition of 10,310 Ordinary Shares on June 21, 2025, at a price of $3.73 per share.
- These shares were withheld by Trinseo PLC to cover tax obligations due to the vesting of previously granted restricted stock units.
- Following this transaction, Mr. Cote directly beneficially owns 45,699 Ordinary Shares.
Sentiment
Score: 5
Explanation: This is a routine compliance filing (Form 4/A) to correct previously reported shareholdings and disclose a standard tax-related share disposition, indicating no significant positive or negative operational or financial news.
Positives
- The filing corrects previously reported indirect shareholdings, enhancing the accuracy and transparency of beneficial ownership disclosures.
- The disposition of shares is a standard tax withholding event related to restricted stock unit vesting, not a discretionary sale.
Negatives
- No specific negative aspects identified in this compliance filing.
Future Outlook
This compliance filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4/A filing is a routine insider transaction disclosure specific to Trinseo PLC and its director, Jeffrey J. Cote. It does not provide information relevant to broader industry trends or competitive dynamics.
Related Party Transactions
- Shares are indirectly held by the Cote 2019 Irrevocable Indenture Trust, which is for the benefit of the reporting person and children, constituting a related party holding.
Stakeholder Impact
- Shareholders: Provides updated and corrected information regarding a director's beneficial ownership, enhancing transparency and accuracy of public records.
Key Dates
| Date | Description |
|---|---|
| 06/21/2025 | Date of transaction for the disposition of 10,310 Ordinary Shares. |
| 06/24/2025 | Date the original Form 4 was filed. |
| 06/27/2025 | Date the amended Form 4/A was signed. |
Keywords
Trinseo PLC, TSE, Form 4/A, beneficial ownership, insider trading, director, shareholding, restricted stock units, tax withholding, SEC filing
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