Antholis William John 4

What Happened William Antholis, a director of Titan America SA (TTAM), reported the conversion/vesting of restricted stock units (RSUs) into 5,849 shares on March 31, 2026. The Form 4 shows an acquisition entry for 5,849 shares (price N/A) tied to the exercise/conversion of a derivative (code M). A matching derivative disposal of 5,849 units was also reported the same day. No cash sale or open-market purchase is reported—this was an award vesting/conversion, not a market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-09 (9 days after the transaction — appears late relative to the SEC’s 2-business-day Form 4 deadline).
• Shares acquired: 5,849 shares via conversion/vesting of RSUs; reported price: N/A; total dollar value: not provided.
• Matching derivative disposal: 5,849 units reported disposed (reflects the conversion/settlement of the derivative award).
• Shares owned after the transaction: not specified in the provided filing data.
• Footnote: F1 states these shares were acquired upon vesting of RSUs; each RSU equals a contingent right to receive one share of common stock.

Context

• RSU vesting is a common compensation event for executives/directors and does not represent an open-market buy or sell — it’s routine equity compensation rather than a direct market endorsement.
• The filing’s late submission reduces timeliness of disclosure; late filings should be noted but do not, by themselves, indicate impropriety.