Chaclas Angelo N. 4
Research Summary
AI-generated summary
Trinseo (TSE) SVP Angelo Chaclas Withholds 10,788 Shares for Taxes
What Happened
Angelo N. Chaclas, SVP, Chief Legal Officer, Chief Compliance Officer and Corporate Secretary of Trinseo PLC, had a total of 10,788 shares withheld by the company to cover taxes following the vesting of restricted stock units. The withholding occurred in two events: 3,690 shares on 2026-02-21 and 7,098 shares on 2026-02-22, at $0.33 per share. Reported values on the Form 4 are $1,209 (2/21) and $2,325 (2/22), totaling $3,534. These were tax-withholding disposals (code F), not open-market sales.
Key Details
- Transaction dates and amounts:
- 2026-02-21: 3,690 shares withheld @ $0.33 — reported value $1,209 (code F)
- 2026-02-22: 7,098 shares withheld @ $0.33 — reported value $2,325 (code F)
- Total shares withheld: 10,788; combined reported value: $3,534.
- Footnote (F1): Shares were withheld by the company to pay taxes due following RSU vesting.
- Filing: Form 4 filed 2026-02-24 reporting the 2/21 and 2/22 transactions — no indication of a late filing in the supplied data.
- Shares owned after the transactions: not disclosed in the provided excerpt.
Context
Tax-withholding by the company following RSU vesting is a routine, administrative disposal (often called a cashless or share-withholding settlement) and does not represent an open-market sale or necessarily indicate the insider’s view on the stock. Transaction code F identifies these as shares retained to cover tax liabilities rather than purchases or discretionary sales.