Neuman Jeffrey N 4
Research Summary
AI-generated summary
Tronox (TROX) SVP Jeffrey Neuman Sells 22,965 Shares
What Happened
- Jeffrey N. Neuman, SVP, General Counsel & Secretary of Tronox Holdings plc, sold 22,965 shares on 2026-03-06 in an open-market/private sale. The reported weighted-average price was $6.59 per share for total proceeds of $151,443. According to the filing, the sale was to cover tax withholding obligations related to the vesting of previously granted restricted stock units (RSUs), a routine transaction following vesting.
Key Details
- Transaction date: 2026-03-06; filing date: 2026-03-09 (filed within the Form 4 deadline).
- Shares sold: 22,965; weighted-average price reported: $6.59; price range across multiple trades: $6.36–$7.16.
- Purpose: F1 — sale to cover tax withholding on vested RSUs (cashless withholding).
- F2 — weighted-average price; reporting person can provide full breakdown of quantities at each price on request.
- F3 — the filing notes a prior transfer of 102,059 shares to his ex-spouse pursuant to a divorce settlement; those shares are no longer reported as beneficially owned by Mr. Neuman.
- Shares owned after transaction: not specified in the provided summary of the filing.
Context
- Withholding sales tied to RSU vesting are common and typically administrative (they do not necessarily signal a view on the company’s prospects).
- The transaction size (~$151k) is relatively modest. No indication in the filing of a 10% owner change, option exercise, or a 10b5-1 plan.