Doehner Cobian Mauricio 4
Research Summary
AI-generated summary
CEMEX (CX) EVP Mauricio Doehner Receives Award; Sells 16,024 for Taxes
What Happened
- Mauricio Doehner, EVP Corporate Affairs at CEMEX (CX), had 36,197 American Depositary Shares (ADS) acquired on June 15, 2026 due to vesting/award, and 16,024 ADS were disposed the same day to cover tax liability. The disposed shares were recorded at $12.25 each, generating proceeds of $196,294. The award transaction shows $0 in acquisition cost on the Form 4 (typical for vested restricted stock/RSUs reported as grants).
Key Details
- Transaction dates: June 15, 2026 (reported on Form 4 filed June 17, 2026).
- Disposition: 16,024 ADS surrendered/disposed (code F) at $12.25 per ADS; total reported proceeds $196,294 — this was to cover tax obligations, not an open-market sale.
- Acquisition: 36,197 ADS granted/vested (code A) with $0 reported in the filing.
- Footnote: 35,544 ADS vested from CEMEX compensation plans for 2023–2025; 653 ADS were added as a technical adjustment for a cash dividend.
- Shares owned after transaction: Not disclosed on this Form 4.
- Filing timeliness: Form 4 filed June 17 for transactions on June 15 — appears timely (not marked late).
Context
- The disposition is coded F (payment of exercise price or tax liability), which typically means shares were withheld/surrendered to satisfy taxes on vesting rather than sold on the open market; this is a routine administrative step and not necessarily a signal of company sentiment.
- The primary event is the vesting/award of ADS (an acquisition); purchases would be more informative for bullish signals, but vested awards are common compensation events for executives.