Lithium Americas (LAC) Form 4/A updates insider share count
Lithium Americas Corp. (LAC) reported an amended Form 4 for its VP, Government & External Affairs, reflecting equity compensation activity and a correction to prior reporting.
Rhea-AI Filing Summary
Lithium Americas Corp. (LAC) reported an amended Form 4 for its VP, Government & External Affairs, reflecting equity compensation activity and a correction to prior reporting. On January 23, 2025 and January 31, 2025, restricted share units (RSUs) were converted to 6,629 and 6,032 common shares, respectively, at a price of $0 per share, increasing the insider’s direct holdings to 91,617 and then 97,649 common shares after those transactions. The filing explains that each RSU represents a contingent right to receive one common share and references grants originally made in 2022 and 2024 with annual vesting schedules. The amendment removes a previously reported vesting of 3,918 common shares dated February 29, 2025 and states that, as of the date of this amended filing, the reporting person directly holds 128,795 common shares, a total adjusted by one share due to a rounding discrepancy.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 6,032 | $0.00 | $0.00 |
| Exercise | Common Shares | 6,032 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 6,629 | $0.00 | $0.00 |
| Exercise | Common Shares | 6,629 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. Represents grant of RSUs on January 23, 2024, which vests 1/3 annually beginning in 2025.
- F3. Represents grant of RSUs on January 31, 2022, the balance of which vest in January 2025.
FAQ
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What does the Lithium Americas (LAC) Form 4/A report for the insider?
What RSU conversions are disclosed in the Lithium Americas (LAC) Form 4/A?
Why was the Lithium Americas (LAC) Form 4/A filed as an amendment?
What are RSUs as described in the Lithium Americas (LAC) Form 4/A?
Which RSU grants are referenced in the Lithium Americas (LAC) Form 4/A?
What is the reporting person’s relationship to Lithium Americas (LAC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.