Lithium Americas (LAC) director receives grant of 6,900 deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Walker Clayton D. reported acquisition or exercise transactions in this Form 4 filing.
LITHIUM AMERICAS CORP. director Walker Clayton D. received a grant of 6,900 Deferred Share Units (DSUs) on common shares. The DSUs were awarded at a price of $0.00 per unit and bring his reported DSU holdings to 6,900 units.
Each DSU represents the right to receive one common share of Lithium Americas. The underlying shares will only be issued after his termination as a director, and until then he has no voting or dispositive rights over those shares. Settlement occurs automatically following termination, with specific timelines for U.S. and non-U.S. participants.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Walker Clayton D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units ("DSUs") | 6,900 | $0.00 | -- |
Holdings After Transaction:
Deferred Share Units ("DSUs") — 6,900 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
DSUs granted: 6,900 units
Grant price: $0.00 per DSU
DSUs after grant: 6,900 units
3 metrics
DSUs granted
6,900 units
Deferred Share Units granted on common shares
Grant price
$0.00 per DSU
Award of DSUs as compensation
DSUs after grant
6,900 units
Total Deferred Share Units following transaction
Key Terms
Deferred Share Units ("DSUs"), voting or dispositive rights, termination date, eligible participants
4 terms
voting or dispositive rights financial
"the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares"
termination date financial
"Grants to U.S. eligible participants will be settled ... following the Reporting Person's termination date."
Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.
eligible participants financial
"Grants to U.S. eligible participants will be settled ... Grants to non-U.S. eligible participants will be settled"
FAQ
What insider transaction did LAC director Walker Clayton report?
Director Walker Clayton reported receiving a grant of 6,900 Deferred Share Units (DSUs). These DSUs are a form of equity compensation linked to Lithium Americas common shares and increase his total reported DSU holdings to 6,900 units following the award.
What does each DSU represent for Lithium Americas Corp. (LAC)?
Each DSU represents the right to receive one common share of Lithium Americas. The actual common shares are only delivered after the director’s service ends, making DSUs a deferred, share-based form of compensation rather than immediate share ownership.
When will the 6,900 DSUs granted to the LAC director be settled?
The DSUs are settled after the director’s termination. For U.S. eligible participants, settlement occurs six months after the termination date; for non-U.S. participants, it occurs on the 20th business day following the termination date, with no further action required.