Van der Smissen Willem Jozef Ludwig 4

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.