Form 4: Tronox Co-CEO Jean Francois Turgeon Reports Share Sale to Cover Tax Obligations
SEC Form 4 Filing
Tronox Co-CEO Jean Francois Turgeon sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 5, 2024, Tronox Co-CEO Jean Francois Turgeon acquired 30,911 shares of common stock due to the vesting of performance-based restricted share units.
- The vesting was based on the achievement of certain performance targets for the 2021-2023 performance period.
- On March 6, 2024, Turgeon sold 51,996 shares of common stock at a weighted average price of $14.9451 per share.
- The sale was to cover tax withholding obligations related to the vesting of previously granted RSUs.
- Following these transactions, Turgeon beneficially owns 735,647 shares of Tronox common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like CEOs and directors, trade their company's stock; this filing indicates transactions by Tronox's Co-CEO.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Acquisition of 30,911 shares due to vesting of performance-based restricted share units. |
| 03/06/2024 | Sale of 51,996 shares to cover tax withholding obligations. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.