Jones Stephen J 4
Research Summary
AI-generated summary
Tronox Director Stephen J. Jones Receives RSUs; 2,881 Shares Withheld
What Happened
- Stephen J. Jones, a director of Tronox Holdings plc (TROX), received a grant of 15,690 restricted share units (RSUs) on 2026-04-28 (reported as an acquisition at $0.00). On the same date, 2,881 shares were withheld to satisfy tax withholding obligations related to previously vested restricted common stock; Mr. Jones received the remaining 24,342 vested shares. The withheld shares were recorded as a disposition (code F) but were not a market sale. The withholding value was 2,881 shares × $9.79 = $28,205.
Key Details
- Transaction dates: April 28, 2026 (reported on Form 4 filed April 30, 2026 — appears timely).
- New grant: 15,690 RSUs reported at $0.00 per share (code A — award/grant).
- Withholding: 2,881 shares withheld at $9.79/share to cover taxes (code F); 24,342 shares delivered from the vested award.
- Footnote: The new RSUs vest on the earlier of the 2027 annual general meeting or May 31, 2027, provided the director remains in service.
- No open-market sale occurred — the disposition was strictly for tax withholding.
Context
- RSUs are awards that convert to shares on vesting; this grant does not represent an immediate open-market purchase or sale. Tax-withholding dispositions are routine and do not necessarily signal insider sentiment.