Van der Smissen Willem Jozef Ludwig 4
4 · Titan America SA · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Titan America (TTAM) Director Van der Smissen Receives RSU Award
What Happened Van der Smissen Willem Jozef Ludwig, a director of Titan America SA (TTAM), received a grant of 5,880 restricted stock units (RSUs) reported on a Form 4 for the transaction dated 2026-05-05. The award is recorded at $0.00 (no immediate cash purchase or sale); the RSUs are a derivative grant that can convert into common shares upon settlement.
Key Details
- Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (timely filing).
- Transaction type: Award/Grant (code A). Amount: 5,880 RSUs. Reported price: $0.00.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: Each RSU is a contingent right to one share and vests on March 31, 2027, subject to the reporting person’s continued service; grant is subject to forfeiture and possible accelerated vesting per the grant terms.
Context RSUs are a common form of equity compensation that do not represent immediately tradable shares; they convert to common stock only if vesting conditions are met (here, continued service through 03/31/2027). Because this is a grant (not a purchase or sale), it reflects compensation rather than an insider market-direction signal.
Insider Transaction Report
- Award
Restricted Stock Units - 2026 Grant
[F1]2026-05-05+5,880→ 5,880 total→ Common Stock (5,880 underlying)
Footnotes (1)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of Titan America SA common stock upon settlement. The RSUs vest on March 31, 2027, subject to the continued service of the Reporting Person through such vesting date. The grant is subject to forfeiture and accelerated vesting in accordance with its terms.