Renwick Damien 4
Research Summary
AI-generated summary
LSB Industries (LXU) EVP/CCO Damien Renwick Receives Award; Shares Withheld
What Happened
Damien Renwick, Executive Vice President and Chief Commercial Officer of LSB Industries (LXU), had performance-based restricted stock units vest on 2026-01-26, resulting in the acquisition of 8,182 shares at an implicit value of $9.88 per share (total ~$80,838). To satisfy tax withholding on both time-based and performance-based RSU vesting, the issuer withheld 1,692 shares (time-based RSUs) and 3,597 shares (performance RSUs) at the same $9.88 per-share value; these withholdings were not open-market sales (total withheld = 5,289 shares; total withholding value ~$52,255).
Key Details
- Transaction date: 2026-01-26; filing date: 2026-01-28 (appears timely).
- Acquired (A): 8,182 shares @ $9.88 — value $80,838 (vesting of performance-based RSUs).
- Withheld for taxes (F): 1,692 shares @ $9.88 — value $16,717 (time-based RSUs); 3,597 shares @ $9.88 — value $35,538 (performance RSUs). No shares were sold in these withholding transactions.
- Footnotes: F1 = time-based RSU shares withheld for taxes; F2 = shares acquired upon vesting of performance RSUs; F3 = performance RSU shares withheld for taxes. All awards are under the LSB Industries, Inc. 2016 Long Term Incentive Plan.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- No 10b5-1 plan or sale on market is indicated in these entries.
Context
These transactions reflect RSU vesting and routine employer tax-withholding — an acquisition via award rather than a market purchase and not a sale. Withholding to cover taxes is common and does not indicate an open-market sale or change in investment intent.