Wellman Kristine M 4

What Happened

• Kristine M. Wellman, Senior Vice President, General Counsel & Corporate Secretary of Chemours Co. (CC), had 1,781 shares issued on 2026-02-24 as vested performance stock units (awarded at $0.00). To satisfy tax withholding on the vesting, 675 of those shares were withheld/disposed at $18.41 each, yielding $12,427. This was not an open‑market sale—shares were retained by the company to cover taxes—so the transaction reflects net receipt of 1,106 shares.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (appears timely).
• Award: 1,781 shares (performance stock units) granted/vested at $0.00.
• Tax withholding: 675 shares withheld at $18.41/share for $12,427 (reported as disposition code F).
• Net increase in shares held by the insider: 1,106 shares (1,781 granted minus 675 withheld).
• Holdings note: Filing references an adjustment to correct prior Form 4s and indicates reported holdings include direct shares, restricted stock units and dividend equivalent units.
• Exemptions/notes: Vesting certified by the Compensation & Leadership Development Committee; withholding transactions are exempt from Section 16(b) under Rule 16b‑3. The filing clarifies no open‑market sale occurred.

Context

• These were vested performance awards from the company’s Long Term Incentive Plan (2023 compensation) rather than a purchase or voluntary sale; withholding to cover taxes is routine and doesn’t signal an insider selling shares on the market. Retail investors generally view awards and automatic tax withholdings as administrative events, not directional insider bets.