Form 4: Tronox Holdings Director Moazzam A. Khan Reports Changes in Beneficial Ownership
SEC Form 4
Director Moazzam A. Khan reports changes in beneficial ownership of Tronox Holdings plc stock due to tax withholding and restricted share unit grants.
Summary
- On May 8, 2024, Director Moazzam A. Khan reported changes in his beneficial ownership of Tronox Holdings plc stock.
- The company withheld 8,584 shares of common stock to satisfy withholding tax obligations at a price of $19.19 per share.
- Khan received 2,677 shares of previously granted restricted common stock.
- Khan also acquired 8,324 shares of restricted share units at a price of $0.
- These restricted share units will vest on the earlier of the 2025 annual general meeting of shareholders or May 31, 2025, provided Khan is still serving on the Board on the Vesting Date.
- Following these transactions, Khan beneficially owns 42,386 shares of Tronox Holdings plc common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and alignment of interests with shareholders through equity grants.
Positives
- The grant of restricted share units aligns the director's interests with those of the shareholders.
- Receipt of previously granted restricted common stock.
Future Outlook
The restricted share units will vest on the earlier of the 2025 annual general meeting of shareholders or May 31, 2025, contingent on continued service to the Board.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction (tax withholding and grant of restricted share units). |
| 05/09/2024 | Date of signature of the report. |
| May 31, 2025 | Potential vesting date for restricted share units. |
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