Form 4: Trinseo PLC Executive Paula M. Cooney Reports Share Transaction

Paula M. Cooney, SVP, CHRO of Trinseo PLC, reported a transaction involving the withholding of 599 ordinary shares to cover taxes following the vesting of restricted stock units.

Summary

• Paula M. Cooney, a Senior Vice President and Chief Human Resources Officer at Trinseo PLC, has reported a transaction involving the company's ordinary shares.
• On November 29, 2024, 599 shares were withheld by Trinseo to cover taxes due upon the vesting of restricted stock units.
• The shares were withheld at a price of $4.33 per share.
• Following this transaction, Ms. Cooney directly owns 78,792 ordinary shares of Trinseo PLC.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover taxes upon vesting of equity awards.

Comparison to Industry Standards

• The transaction is typical for executives receiving stock-based compensation.
• Many companies use restricted stock units as part of their compensation packages, and withholding shares for taxes is a standard practice.
• Similar filings can be seen from executives at companies like Dow, LyondellBasell, and Eastman Chemical, which also use equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard part of executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Trinseo PLC, share transaction, Form 4, insider trading, Paula M. Cooney, restricted stock units, tax withholding