Form 4: Trinseo PLC Director Matthew Farrell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Matthew Farrell reports a transaction involving Trinseo PLC ordinary shares due to tax obligations from vesting restricted stock units.
Summary
- On June 14, 2024, Matthew Farrell, a director of Trinseo PLC, reported a transaction involving the company's ordinary shares.
- The transaction involved the disposal of 3,202 shares at a price of $2.84.
- These shares were withheld by Trinseo PLC to cover tax obligations arising from the vesting of previously granted restricted stock units.
- Following the transaction, Farrell's direct ownership of Trinseo PLC ordinary shares is 76,308.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing simply reports a transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an insider's share disposal to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction involving disposal of shares. |
| 06/18/2024 | Date of signature for the report. |
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