Flood Jonathan 4
Research Summary
AI-generated summary
Tronox (TROX) Principal Accounting Officer Jonathan Flood Sells Shares
What Happened
Jonathan Flood, Principal Accounting Officer at Tronox Holdings plc (TROX), sold a total of 15,008 shares in two open-market transactions to cover tax withholding related to the vesting of previously granted restricted stock units (RSUs). On 2026-03-05 he sold 7,000 shares at $7.55 each for $52,852, and on 2026-03-06 he sold 8,008 shares at a reported weighted-average price of $6.58 for $52,729 — total proceeds about $105,581. These were sales (routine tax-withholding dispositions), not purchases.
Key Details
- Transaction dates and amounts:
- 2026-03-05: 7,000 shares sold at $7.55 — $52,852 (disposed).
- 2026-03-06: 8,008 shares sold at weighted avg $6.58 — $52,729 (disposed).
- Aggregate shares sold: 15,008; aggregate proceeds: ~$105,581.
- Footnotes:
- F1: Sales were made to cover tax withholding obligations on vested RSUs.
- F2: The $6.58 price is a weighted average; those shares were sold in multiple trades at prices ranging $6.3850 to $7.1600. Full breakdown available on request per the filing.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed 2026-03-09 for transactions on 2026-03-05 and 2026-03-06 — the filing appears timely under the SEC two-business-day rule.
Context
Sales to cover tax withholding on RSU vesting are common and typically considered routine rather than a signal of insider sentiment. This filing documents a disposition (tax-related), not an acquisition or exercise.