[144] CENTURY ALUMINUM CO SEC Filing
Rhea-AI Filing Summary
Century Aluminum Co (CENX) filed a Form 144 notifying a proposed sale of 9,493 shares of common stock, with an aggregate market value of $249,950.69, to be executed on or about 09/25/2025 through Charles Schwab & Co. The shares were acquired as a restricted stock grant on 12/31/2024 in payment for services. There were 93,339,121 shares outstanding reported on the form, so the sale represents approximately 0.0102% of outstanding shares. The filer states no material nonpublic information is known.
Positive
- Disclosure compliance: Form 144 provides required details (shares, acquisition date, nature of acquisition, broker, and approximate sale date)
- Immaterial size: The proposed sale of 9,493 shares equals about 0.0102% of reported outstanding shares, suggesting minimal market impact
- Acquisition as compensation: Shares were acquired via a restricted stock grant for services, indicating the sale is monetizing vested compensation
Negative
- Insider sale: The filing notifies a planned disposition by an insider, which may be perceived negatively by some investors despite small size
Insights
TL;DR Routine insider sale of restricted shares for cash; size is immaterial relative to total shares outstanding.
The filing documents a planned disposition of 9,493 shares acquired as compensation, executed through a broker. The aggregate value of roughly $250k is small versus the reported 93.34 million shares outstanding, implying negligible immediate dilution or market impact. There are no sales in the prior three months reported. From a financial-materiality perspective this disclosure is routine and provides transparency about insider liquidity arising from compensation vesting.
TL;DR Insider is selling vested compensation shares; the filing meets Rule 144 disclosure requirements and includes the required attestation.
The document shows the shares were a restricted stock grant tied to services and that the filer affirms absence of undisclosed material information. The use of a broker and listing of the approximate sale date aligns with standard compliance practices under Rule 144. No unusual governance concerns or clustered insider transactions are evident from the disclosed data.