Earnings Feed
Start Free
LUXFER HOLDINGS PLC·4

Mar 19, 9:42 AM ET

MEAD HOWARD IOAN 4

Research Summary

AI-generated summary

Updated

Luxfer (LXFR) Howard Ioan Mead Exercises RSUs; Sells Shares for Taxes

What Happened

  • Insider Howard Ioan Mead (role noted as “See Remarks” in the filing) had multiple restricted stock unit (RSU) and performance-RSU events on March 17–18, 2026. In total, ~14,695 RSUs/options were exercised or converted into ordinary shares. To satisfy tax withholding obligations, 6,357 shares were withheld/sold at about $11.80–$11.82 per share, generating approximately $75,134. The net shares retained after withholding are roughly 8,338 shares.
  • The conversions involved nominal consideration (1-for-1 at a $1.00 payment per ordinary share, footnote F1) and included performance-based RSUs that vested upon achievement of goals for the performance period ended December 31, 2025 (footnotes F4–F7).

Key Details

  • Transaction dates and prices:
    • 2026-03-17: 800 shares converted; 347 shares withheld/sold at $11.80 = $4,095.
    • 2026-03-18: 954, 7,001 and 5,940 shares converted/vested; withheld/sold 413 @ $11.82 = $4,882; 3,028 @ $11.82 = $35,791; 2,569 @ $11.82 = $30,366.
  • Net shares retained (approx.): 14,695 converted − 6,357 withheld = ~8,338 shares.
  • Shares owned after transaction: not disclosed in the excerpt provided.
  • Notable footnotes:
    • F1: 1-for-1 conversion with a nominal $1.00 per ordinary share payment.
    • F2–F3: Some RSUs represent time-based grants with remaining tranches vesting in future years.
    • F4–F7: Performance-based RSUs (at multiple targets including 221% and 125%) were granted and fully vested on 3/18/2026 after achievement of EPS and TSR goals.
  • Filing timeliness: Report filed 2026-03-19 for transactions on 3/17–3/18/2026—appears to be filed within the usual Form 4 reporting window.

Context

  • These transactions reflect RSU vesting and conversion into ordinary shares, followed by share withholding/sale to cover tax obligations (F = tax withholding). That type of sale is a routine administrative step and does not necessarily indicate an intent to trade for investment reasons. M = exercise/conversion of derivative awards; F = payment of exercise price or tax liability.