MEAD HOWARD IOAN 4
4 · LUXFER HOLDINGS PLC · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Luxfer (LXFR) Howard Ioan Mead Exercises RSUs; Sells Shares for Taxes
What Happened
- Insider Howard Ioan Mead (role noted as “See Remarks” in the filing) had multiple restricted stock unit (RSU) and performance-RSU events on March 17–18, 2026. In total, ~14,695 RSUs/options were exercised or converted into ordinary shares. To satisfy tax withholding obligations, 6,357 shares were withheld/sold at about $11.80–$11.82 per share, generating approximately $75,134. The net shares retained after withholding are roughly 8,338 shares.
- The conversions involved nominal consideration (1-for-1 at a $1.00 payment per ordinary share, footnote F1) and included performance-based RSUs that vested upon achievement of goals for the performance period ended December 31, 2025 (footnotes F4–F7).
Key Details
- Transaction dates and prices:
- 2026-03-17: 800 shares converted; 347 shares withheld/sold at $11.80 = $4,095.
- 2026-03-18: 954, 7,001 and 5,940 shares converted/vested; withheld/sold 413 @ $11.82 = $4,882; 3,028 @ $11.82 = $35,791; 2,569 @ $11.82 = $30,366.
- Net shares retained (approx.): 14,695 converted − 6,357 withheld = ~8,338 shares.
- Shares owned after transaction: not disclosed in the excerpt provided.
- Notable footnotes:
- F1: 1-for-1 conversion with a nominal $1.00 per ordinary share payment.
- F2–F3: Some RSUs represent time-based grants with remaining tranches vesting in future years.
- F4–F7: Performance-based RSUs (at multiple targets including 221% and 125%) were granted and fully vested on 3/18/2026 after achievement of EPS and TSR goals.
- Filing timeliness: Report filed 2026-03-19 for transactions on 3/17–3/18/2026—appears to be filed within the usual Form 4 reporting window.
Context
- These transactions reflect RSU vesting and conversion into ordinary shares, followed by share withholding/sale to cover tax obligations (F = tax withholding). That type of sale is a routine administrative step and does not necessarily indicate an intent to trade for investment reasons. M = exercise/conversion of derivative awards; F = payment of exercise price or tax liability.
Insider Transaction Report
Form 4
MEAD HOWARD IOAN
See Remarks
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-17+800→ 10,772 total - Tax Payment
Ordinary Shares
2026-03-17$11.80/sh−347$4,095→ 10,425 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-18+954→ 11,379 total - Tax Payment
Ordinary Shares
2026-03-18$11.82/sh−413$4,882→ 10,966 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-18+7,001→ 17,967 total - Tax Payment
Ordinary Shares
2026-03-18$11.82/sh−3,028$35,791→ 14,939 total - Exercise/Conversion
Ordinary Shares
[F1]2026-03-18+5,940→ 20,879 total - Tax Payment
Ordinary Shares
2026-03-18$11.82/sh−2,569$30,366→ 18,310 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-17−800→ 2,408 total→ Ordinary Shares (800 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-03-18−954→ 1,912 total→ Ordinary Shares (954 underlying) - Award
Restricted Stock Units
[F1][F4]2026-03-18+7,001→ 7,001 totalFrom: 2026-03-18→ Ordinary Shares (7,001 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-03-18−7,001→ 0 totalFrom: 2026-03-18→ Ordinary Shares (7,001 underlying) - Award
Restricted Stock Units
[F1][F6]2026-03-18+5,940→ 5,940 totalFrom: 2026-03-18→ Ordinary Shares (5,940 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-03-18−5,940→ 0 totalFrom: 2026-03-18→ Ordinary Shares (5,940 underlying)
Footnotes (7)
- [F1]1 for 1, subject to a nominal payment of $1.00 per Ordinary Share.
- [F2]Represents 25% of the Restricted Stock Units granted on March 17, 2025. The remaining Restricted Stock Units will vest in three equal tranches on March 17, 2027, 2028 and 2029.
- [F3]Represents 25% of the Restricted Stock Units granted on March 18, 2024. The remaining Restricted Stock Units will vest in two equal tranches on March 18, 2027 and 2028.
- [F4]Represents the grant of performance-based Restricted Stock Units (at 221% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of EPS growth goals for the performance period ended December 31, 2025.
- [F5]Represents the 100% vesting of performance-based Restricted Stock Units (at 221% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of EPS growth goals for the performance period ended December 31, 2025.
- [F6]Represents the grant of performance-based Restricted Stock Units (at 125% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of relative total shareholder return (TSR) goals for the performance period ended December 31, 2025.
- [F7]Represents the 100% exercise of performance-based Restricted Stock Units (at 125% target) awarded on March 18, 2024. 100% of the performance-based Restricted Stock Units were granted and vested on March 18, 2026 upon the achievement of relative total shareholder return (TSR) goals for the performance period ended December 31, 2025.
Signature
/s/ Benjamin Coulson under Power of Attorney for Howard I. Mead|2026-03-19