Form 4: Trinseo PLC Executive Vice President and CFO Reports Share Disposal for Tax Obligations

David Phillip Stasse, EVP and CFO of Trinseo PLC, disposed of 1,845 ordinary shares to cover tax obligations arising from vesting restricted stock units.

Summary

• On February 16, 2025, David Phillip Stasse, the EVP and CFO of Trinseo PLC, disposed of 1,845 ordinary shares.
• The shares were disposed of to cover tax obligations related to the vesting of previously granted restricted stock units.
• The transaction was executed at a price of $5.14 per share.
• Following the transaction, Stasse directly owns 162,666 ordinary shares of Trinseo PLC.

Sentiment

Score: 6

Explanation: The document describes a routine transaction (share disposal for tax obligations) by an executive, which is neither particularly positive nor negative. It's a neutral event in the context of executive compensation.

Industry Context

Executive share disposals for tax purposes are a common occurrence in publicly traded companies. This transaction reflects a standard practice related to equity compensation.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and subsequent share disposals for tax obligations, are widespread among publicly traded companies.
• Companies like Dow, LyondellBasell, and BASF, which operate in similar sectors to Trinseo, also utilize equity-based compensation for their executives.
• These companies' executives often report similar Form 4 filings related to the vesting of restricted stock and subsequent share disposals to cover tax liabilities.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine disposal of shares for tax purposes.
• Employees may be indirectly affected as this relates to executive compensation practices.

Key Dates

Keywords

Trinseo PLC, David Phillip Stasse, EVP, CFO, Form 4, Share Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership, TSE