Wright Scott J 4
Research Summary
AI-generated summary
Huntsman (HUN) Division President Scott J. Wright Receives Award
What Happened
Scott J. Wright, Division President at Huntsman Corporation (HUN), was granted 33,911 restricted shares on 2026-02-12 (award). To satisfy tax withholding on the grant, 4,189 shares were automatically withheld/disposed on 2026-02-13 at $13.21 per share, generating proceeds of $55,337. Net of withholding, Wright received 29,722 restricted shares from this award. The grant is reported as an award/acquisition (code A); the share dispositions are reported as tax-withholding (code F).
Key Details
- Transaction dates and amounts:
- 2026-02-12: Award of 33,911 restricted shares (code A) at $0.00 (grant).
- 2026-02-13: Shares withheld to cover taxes (code F):
- 843 shares @ $13.21 = $11,136
- 1,250 shares @ $13.21 = $16,513
- 2,096 shares @ $13.21 = $27,688
- Total withheld: 4,189 shares for ~$55,337.
- Shares owned after transaction: not stated in the provided excerpt; net from this grant = 29,722 restricted shares.
- Footnotes from the filing:
- F1: These restricted shares vest in three equal annual installments beginning February 12, 2027.
- F2: Shares were automatically withheld upon vesting to satisfy tax withholding obligations (reported here as withholding/disposition).
- Filing date vs. transaction dates: Form filed 2026-02-17 for transactions on 2026-02-12/13. Check the full Form 4 for any timeliness flag (some late filings can carry reporting implications).
Context
- This was primarily an equity award (not an open-market buy or a voluntary sale). The withholding entries reflect routine tax withholding on the grant, not a directional “sell” decision by the insider.
- Because the shares are restricted and vest over three years (starting 2/12/2027), Wright cannot fully transfer or sell the remaining shares until they vest (subject to plan terms).