KAUFTHAL ILAN 4

What Happened Ilan Kaufthal, a director of Tronox Holdings plc (TROX), was granted 15,690 restricted common shares (award code A) on April 28, 2026. On the same date, 4,032 shares were withheld to satisfy tax withholding obligations (code F) at $9.79 per share, a withholding value of $39,473. According to the filing, no shares were sold; Mr. Kaufthal received the balance of 23,191 shares of previously granted restricted common stock after withholding.

Key Details

• Transaction dates: April 28, 2026; Form 4 filed April 30, 2026 (timely).
• Grant: 15,690 shares acquired at $0.00 (restricted share units/award).
• Withholding: 4,032 shares disposed at $9.79 to cover taxes — value ~$39,473.
• Shares received after withholding: the filing notes Mr. Kaufthal received 23,191 previously granted restricted shares.
• Footnotes: F1 confirms withholding to satisfy tax obligations and that no shares were sold; F2 states the restricted share units vest on the earlier of the 2027 annual general meeting or May 31, 2027, provided the director remains in service.
• Shares owned after the transaction: not specified in the provided filing.

Context

• The award (A) is a restricted share grant, not a market purchase — it typically vests under the conditions noted in F2 and represents compensation rather than a direct bullish purchase.
• The withholding (F) is a routine tax withholding mechanism and does not indicate an open-market sale.
• For retail investors, awards to directors are common and are more about compensation/retention; they are informative but do not by themselves signal a change in company outlook.