Research Summary
AI-generated summary of this SEC filing
Chemours CEO Denise Dignam Withholds 477 Shares for Taxes
What Happened
- Denise Dignam, CEO of Chemours (CC), had 477 shares withheld to satisfy tax obligations on the vesting of restricted stock units and dividend equivalent units. The withholding was at $16.61 per share, totaling $7,923, and was reported for the 2026-08-01 vesting event. This was a tax-withholding transaction — not an open-market sale.
Key Details
- Transaction date: 2026-08-01; Form 4 filed: 2026-08-04.
- Transaction type/code: Tax withholding on vesting (Code F) — 477 shares @ $16.61 = $7,923.
- Shares owned after transaction: Not specified in the excerpt; footnote F2 indicates reported ownership includes directly owned shares plus restricted stock units and dividend equivalent units.
- Notable footnotes: F1 — shares were automatically withheld to satisfy tax obligations on vesting RSUs/DEUs; the transaction is exempt from Section 16(b) under Rule 16b-3 and no shares were sold. F2 — ownership totals include direct holdings, RSUs and DEUs.
- Timeliness: Filing date is Aug 4, 2026; the Form 4 shows this reporting and no late-filing indication is noted in the filing.
Context
- This is an administrative tax-withholding on vested awards and not a market sale or purchase, so it should not be interpreted as a directional insider trade signal. Such withholding transactions are routine when equity awards vest and are commonly exempt from short-swing profit rules.