Santos Sandra Maria Soares 4

What Happened

• Santos Sandra Maria Soares, a director of Titan America SA (TTAM), was granted 5,880 restricted stock units (RSUs) on 2026-05-05. The filing reports the acquisition price as $0 because this is a derivative equity award (code A on Form 4). This was a grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-07.
• Amount: 5,880 RSUs; reported acquisition price: $0 (derivative award).
• Vesting: RSUs vest on March 31, 2027, subject to continued service through that date (see footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 was filed two days after the grant date (appears timely).
• Footnote: Each RSU represents a contingent right to one share upon settlement; the grant is subject to forfeiture and possible accelerated vesting per the award terms.

Context

• This transaction is a standard equity compensation grant to an insider (director). It is not a market purchase or sale and does not represent an immediate cash value until the RSUs vest and are settled. For retail investors, such grants are routine compensation and should be viewed as non-liquid until vesting conditions are met.