Trinseo VP and treasurer Johanna Frisch purchases $15,708 in shares

In recent transactions disclosed by Trinseo PLC (NYSE:TSE), Johanna Frisch, the company’s Vice President and Treasurer, expanded her stake in the company by acquiring additional ordinary shares. According to a Form 4 filing with the Securities and Exchange Commission, Frisch purchased a total of 3,800 shares over three consecutive days. The insider buying comes as the stock, currently trading at $4.28 with a market cap of $145.65 million, has declined 20% year-to-date. InvestingPro analysis indicates the company is trading below its Fair Value, despite facing significant debt challenges.

The transactions, which took place between March 12 and March 14, 2025, involved the acquisition of shares at prices ranging from $4.02 to $4.28 per share. The total value of these purchases amounted to approximately $15,708.

Following these transactions, Frisch’s total direct ownership in Trinseo PLC increased to 18,092 shares. Investors often monitor such insider transactions to gauge the confidence levels of company executives in their firm’s future prospects.

In other recent news, Trinseo has reported significant financial developments that may interest investors. The company has declared a quarterly dividend of $0.01 per share, scheduled for payment on April 24, 2025. This follows Trinseo’s reported net sales of approximately $3.5 billion in 2024. Additionally, Trinseo has completed a strategic financial restructuring, which included the exchange of $379.5 million of its 5.125% senior notes due 2029 for new 7.625% Second Lien Senior Secured Notes due 2029. This restructuring aims to optimize Trinseo’s capital structure and enhance financial flexibility.

Trinseo’s restructuring efforts also involved amendments to existing credit agreements, including the establishment of a $300 million super-priority revolving credit facility. The company has also redeemed all of its outstanding 5.375% senior notes due 2025, using funds from a new intercompany loan. These actions are part of Trinseo’s strategy to manage its financial obligations and ensure long-term sustainability. The company has also issued new senior notes through its subsidiaries, with the Bank of New York Mellon (NYSE:BK) and Alter Domus (US) LLC playing key roles in these transactions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.