Van der Smissen Willem Jozef Ludwig 4

What Happened
Van der Smissen Willem Jozef Ludwig, a director of Titan America SA (TTAM), had 3,130 shares withheld to cover a tax obligation from the settlement of vested restricted stock units (RSUs). The withholding occurred on 2026-05-18 at an effective price of $15.46 per share, representing $48,390 in value. This transaction is a tax-withholding disposition (code F), not an open-market sale initiated for cash.

Key Details

• Transaction date and price: 2026-05-18 at $15.46 per share.
• Shares withheld/disposed: 3,130 shares; total value ≈ $48,390.
• Transaction code: F (shares withheld to cover tax liability on vested RSUs). Footnote: "Shares withheld to cover tax obligation from settlement of vested RSUs."
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Reported on 2026-05-19 for the 2026-05-18 transaction (timely filing).

Context
This was a routine tax-withholding action tied to RSU settlement (a cashless-type disposition where shares are retained to satisfy taxes). Such withholdings are administrative and do not necessarily signal the director’s view of the company’s stock. Purchases or open-market sales generally provide more direct insight into insider sentiment than tax-related withholdings.