LAC director granted 8,100 deferred share units
Lithium Americas Corp. director Philip Montgomery received a grant of 8,100 Deferred Share Units (DSUs), each representing the right to receive one common share.
Rhea-AI Filing Summary
Lithium Americas Corp. director Philip Montgomery received a grant of 8,100 Deferred Share Units (DSUs), each representing the right to receive one common share. The award was granted at no cash cost and increased his directly held DSUs to 81,474.
The DSUs will not convert into common shares, and he will not have voting or dispositive rights over the underlying shares, until his service as a director ends. For U.S. participants, settlement occurs 6 months after termination; for non-U.S. participants, on the 20th business day following termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units ("DSUs") | 8,100 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.
Key Figures
Key Terms
voting or dispositive rights financial
termination of the Reporting Person's employment or services financial
eligible participants financial
settled with no further action financial
FAQ
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What insider transaction did LAC director Philip Montgomery report on this Form 4?
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