Chemours (CC) Joseph Martinko Withholds 663 Shares for Taxes

What Happened
Joseph T. Martinko, President, Thermal & Specialized Solutions at Chemours (CC), had 663 shares withheld on 2026-08-01 to satisfy tax obligations tied to vesting restricted stock units/dividend equivalents. The withholding was at $16.61 per share for a total value of approximately $11,012. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-08-01; filing date (Form 4): 2026-08-04.
• Shares withheld/disposed: 663 shares at $16.61 each; total ~$11,012.
• Transaction code: F — shares withheld to satisfy tax withholding on vested RSUs/DEUs.
• Footnote: Shares were automatically withheld; transaction exempt from Section 16(b) under Rule 16b-3; no shares were sold on the open market.
• Shares owned after transaction: Not specified in the provided filing (footnote notes holdings include direct shares, RSUs and dividend equivalents).

Context
Withholding shares to cover taxes when restricted stock units vest is a common, administrative transaction and does not necessarily indicate the insider's view of the stock. This is distinct from an open-market sale or purchase; it simply settles tax obligations tied to compensation.