Bachmann James W. 4

What Happened

• James W. Bachmann, a director of Titan America SA (TTAM), recorded the conversion/vesting of 5,849 restricted stock units (RSUs) into 5,849 shares on March 31, 2026. The Form 4 shows an acquisition via exercise/conversion of a derivative security and a corresponding derivative disposition for the same number of shares; no per-share price or cash value is reported.
• Footnote in the filing clarifies that each RSU represents a contingent right to one share and that the shares were acquired upon vesting. This is an award/compensation event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31
• Transaction type/codes: M (exercise/conversion of a derivative security) — acquisition of 5,849 shares and a corresponding derivative disposition of 5,849 shares; prices reported as N/A
• Shares owned after the transaction: not disclosed in the provided filing excerpt
• Footnote: F1 — RSUs vested on March 31, 2026; each RSU equals one share
• Filing timeliness: no late-filing indication provided in the supplied data

Context

• RSU vesting converts a grant into actual shares issued to the insider; these are compensation-related and do not necessarily signal a personal investment decision (unlike open-market purchases).
• The Form 4 records the conversion/exercise of a derivative (the RSU) — the matching disposition entry likely reflects the mechanics of the conversion/settlement reported by the issuer; no sale or cashless exercise details were provided.