Dignam Denise 4
Research Summary
AI-generated summary
Chemours (CC) CEO Denise Dignam Receives Award, Withholds Shares
What Happened
- Denise Dignam, Chief Executive Officer of Chemours Co (CC), received 2,261 performance-based stock units on 2026-02-24 as part of the company's long-term incentive plan (grant recorded at $0.00 per share). To cover tax obligations on vesting restricted stock/dividend units, 742 shares were withheld/disposed at $18.41 each, totaling about $13,660. The filing notes no open-market sale of shares.
Key Details
- Transaction date: 2026-02-24; Form 4 filed 2026-02-26.
- Grant: 2,261 performance stock units (reported as acquisition A; grant value reported $0.00 representing equity award).
- Tax withholding: 742 shares withheld/disposed at $18.41 each, proceeds ≈ $13,660 (transaction code F).
- Footnotes of note:
- F1: These were performance stock units from 2023 compensation that vested after certification of performance by the Compensation Committee.
- F3: Shares were automatically withheld to meet tax obligations; transactions are exempt from Section 16(b) under Rule 16b-3 and no shares were sold on the open market.
- F2: Total holdings were adjusted to correct an administrative error in prior filings.
- F4: Reported holdings include directly owned shares, restricted stock units and dividend equivalent units.
- Shares owned after the transaction: the filing does not give a single net-owned-count; see footnote F4 for what the company counts in “holdings.”
- Filing timeliness: Form was filed two days after the transactions (no late-filing flag indicated).
Context
- This was primarily an award/vesting event (not a buy or opportunistic sale). The withholding of shares to cover taxes is common and routine and does not indicate an open-market sale of shares. The award vests only after the company-certified performance conditions were met.