LITHIUM AMERICAS (LAC) SVP sees 2,379 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lithium Americas Corp. SVP Finance Robert Russell-Smith reported a tax-related share disposition. On April 10, he had 2,379 Common Shares withheld at $4.13 per share to cover tax obligations, a non‑market transaction. After this event, he directly holds 1,844 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RUSSELL-SMITH ROBERT
Role
SVP, Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,379 | $4.13 | $10K |
Holdings After Transaction:
Common Shares — 1,844 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 2,379 shares
Tax-withholding share value: $4.13 per share
Shares held after transaction: 1,844 shares
+1 more
4 metrics
Shares withheld for taxes
2,379 shares
Tax-withholding disposition on April 10, 2026
Tax-withholding share value
$4.13 per share
Value used for tax-liability share delivery
Shares held after transaction
1,844 shares
Direct ownership following tax-withholding disposition
FX conversion rate
C$1.3825 = US$1.00
Used to convert Canadian price C$5.71
Key Terms
tax-withholding disposition, Common Shares, Payment of exercise price or tax liability by delivering securities, exchange rate
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Payment of exercise price or tax liability by delivering securities financial
""transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
exchange rate financial
"using an exchange rate of C$1.3825 = US$1.00"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
FAQ
What insider transaction did LAC SVP Finance Robert Russell-Smith report?
Robert Russell-Smith reported a tax-withholding disposition of 2,379 Lithium Americas common shares. These shares were withheld by the company to satisfy tax obligations, rather than sold on the open market, and therefore do not represent a discretionary share sale.
Was the LAC insider transaction a market sale or tax withholding event?
The transaction was a tax-withholding event, not a market sale. The Form 4 code “F” and description confirm the 2,379 shares were delivered to cover tax liabilities, meaning there was no open-market selling decision by the executive in this specific transaction.
What currency details were disclosed in the LAC insider filing footnote?
A footnote explains that amounts were converted from a Canadian price of C$5.71 using an exchange rate of C$1.3825 to US$1.00. This clarifies how the U.S. dollar share value used in the filing was derived from the original Canadian trading price.