Jurkovic Philip Ryan 4
Research Summary
AI-generated summary
Constellium (CSTM) SVP Philip Jurkovic Sells Shares After Award Vest
What Happened
- Philip Ryan Jurkovic, Senior Vice President & Chief Human Resources Officer of Constellium SE, had 59,276 performance/restricted stock units vest on March 9, 2026 (awarded at $0.00). Following vesting, he disposed of 29,900 ordinary shares in an open-market sale at $25.87 per share, generating proceeds of approximately $773,513. The award (59,276 shares) is reported as an acquisition by virtue of vesting; the subsequent sale was a disposition.
Key Details
- Transaction dates and prices:
- 2026-03-09: Award/vesting — 59,276 shares @ $0.00 (non-cash vesting of PSUs/RSUs). (Footnote F1)
- 2026-03-10: Open-market sale — 29,900 shares @ $25.87 = $773,513. (Footnote F2)
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnotes of note:
- F1: These were performance stock units granted March 9, 2023 that vested March 9, 2026.
- F2: The 29,900-share sale was made solely to satisfy tax withholding obligations upon vesting.
- Filing: Form 4 filed March 11, 2026 (related transactions dated March 9–10); no late filing indicated in the supplied data.
Context
- This sequence is a common post-vesting pattern: PSUs/RSUs vest (non-cash compensation) and shares are sold to meet tax-withholding requirements. Such tax-related disposals are routine and do not necessarily signal the insider’s view of the company’s prospects.