Edward Grandy of Lithium Americas (NYSE: LAC) reports minor tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LITHIUM AMERICAS CORP. senior vice president, general counsel and secretary Edward Grandy reported a small share disposition related to taxes. On a recent transaction date, 15 Common Shares were delivered at $4.45 per share to satisfy tax obligations, a routine tax-withholding disposition rather than an open‑market sale. After this adjustment, Grandy directly holds 173,307 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANDY EDWARD
Role
Sr VP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 15 | $4.45 | $66.75 |
Holdings After Transaction:
Common Shares — 173,307 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 15 Common Shares
Tax-withholding price: $4.45 per share
Shares held after transaction: 173,307 Common Shares
3 metrics
Tax-withheld shares
15 Common Shares
Shares delivered to satisfy tax obligations
Tax-withholding price
$4.45 per share
Value applied to 15 Common Shares
Shares held after transaction
173,307 Common Shares
Direct holdings following tax-withholding disposition
Key Terms
tax-withholding disposition, Common Shares, Form 4
3 terms
tax-withholding disposition financial
"a routine tax-withholding disposition rather than an open‑market sale"
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.
Form 4 regulatory
"Edward Grandy reported a small tax-related share disposition on this Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did LAC executive Edward Grandy report on this Form 4?
Edward Grandy reported a small tax-related share disposition. He delivered 15 LITHIUM AMERICAS CORP. Common Shares at $4.45 per share to cover tax obligations, a routine tax-withholding event rather than an open-market trade in the company’s stock.
Was Edward Grandy’s LAC transaction a market sale or a tax-withholding event?
The transaction is classified as a tax-withholding disposition, not an open-market sale. Shares were delivered to satisfy tax liabilities tied to equity compensation, which is a common administrative mechanism rather than a discretionary trade in LITHIUM AMERICAS CORP. stock.