[Form 4] Piedmont Lithium Inc. Insider Trading Activity
Insider transactions by Michael D. White, EVP and CFO of Piedmont Lithium Inc. (PLL) show activity tied to the Merger with Sayona Mining Limited. The filing reports on 08/29/2025 that 33,410 Piedmont performance shares were treated as acquired and 63,066 common shares were disposed. The explanatory notes state that under the Merger Agreement each Piedmont share and restricted stock unit converted into 527 Sayona ordinary shares, and each Piedmont option converted into an option to purchase 527 Sayona shares. Several existing Piedmont stock options are shown as disposed on the same date, with zero Piedmont derivative securities remaining following the transactions.
Operazioni interne di Michael D. White, EVP e CFO di Piedmont Lithium Inc. (PLL) riguardano il merger con Sayona Mining Limited. Il deposito dell'08/29/2025 riporta che 33.410 azioni di performance di Piedmont sono state considerate acquisite e 63.066 azioni ordinarie sono state cedute. Le note esplicative indicano che, ai sensi del Merger Agreement, ogni azione di Piedmont e ogni restricted stock unit sono stati convertiti in 527 azioni ordinarie Sayona, e ogni opzione Piedmont è stata convertita in un'opzione per acquistare 527 azioni Sayona. Diverse opzioni su azioni Piedmont preesistenti risultano cedute nella stessa data, senza strumenti derivati Piedmont residui dopo le operazioni.
Transacciones internas de Michael D. White, EVP y CFO de Piedmont Lithium Inc. (PLL) están vinculadas a la fusión con Sayona Mining Limited. La presentación del 29/08/2025 informa que 33.410 acciones de rendimiento de Piedmont se consideraron adquiridas y 63.066 acciones ordinarias fueron enajenadas. Las notas explicativas señalan que, según el Merger Agreement, cada acción de Piedmont y cada restricted stock unit se convirtieron en 527 acciones ordinarias de Sayona, y cada opción de Piedmont se convirtió en una opción para comprar 527 acciones de Sayona. Varias opciones sobre acciones de Piedmont existentes se registran como enajenadas en la misma fecha, quedando cero instrumentos derivados de Piedmont tras las operaciones.
Piedmont Lithium Inc.(PLL)의 EVP 겸 CFO Michael D. White의 내부거래는 Sayona Mining Limited와의 합병과 관련되어 있습니다. 2025년 8월 29일 제출서류에 따르면 Piedmont의 성과주 33,410주가 취득된 것으로 처리되었고, 보통주 63,066주는 처분되었습니다. 설명란에는 합병계약(Merger Agreement)에 따라 각 Piedmont 주식과 제한주식단위(restricted stock unit)가 각각 527주의 Sayona 보통주로 전환되었으며, 각 Piedmont 주식옵션은 527주의 Sayona 주식을 매수할 수 있는 옵션으로 전환되었다고 명시되어 있습니다. 기존의 여러 Piedmont 주식옵션이 동일한 날짜에 처분된 것으로 기재되어 있으며, 거래 후에는 남아 있는 Piedmont 파생증권이 없는 것으로 나타났습니다.
Opérations d'initiés par Michael D. White, EVP et CFO de Piedmont Lithium Inc. (PLL) liées à la fusion avec Sayona Mining Limited. Le dépôt du 29/08/2025 indique que 33 410 actions de performance Piedmont ont été traitées comme acquises et 63 066 actions ordinaires ont été cédées. Les notes explicatives précisent que, en vertu du Merger Agreement, chaque action Piedmont et chaque restricted stock unit ont été converties en 527 actions ordinaires Sayona, et que chaque option Piedmont a été convertie en une option d'achat de 527 actions Sayona. Plusieurs options sur actions Piedmont existantes sont indiquées comme cédées à la même date, et aucun instrument dérivé Piedmont ne subsiste après les opérations.
Insider-Transaktionen von Michael D. White, EVP und CFO von Piedmont Lithium Inc. (PLL) stehen im Zusammenhang mit der Fusion mit Sayona Mining Limited. Die Meldung vom 29.08.2025 besagt, dass 33.410 Piedmont-Leistungsaktien als erworben und 63.066 Stammaktien veräußert wurden. In den erläuternden Anmerkungen heißt es, dass gemäß dem Merger Agreement jede Piedmont-Aktie und jede Restricted Stock Unit in 527 Sayona-Stammaktien umgewandelt wurde und jede Piedmont-Option in eine Option zum Erwerb von 527 Sayona-Aktien. Mehrere bestehende Piedmont-Aktienoptionen sind am selben Datum als veräußert ausgewiesen, sodass nach den Transaktionen keine Piedmont-Derivate mehr verbleiben.
- Performance stock units were deemed satisfied at the effective time of the Merger, per the Merger Agreement
- Clear conversion mechanics disclosed: each Piedmont share, RSU, and option converted into 527 Sayona ordinary shares or equivalent options
- Reported disposal of 63,066 Piedmont common shares on 08/29/2025
- Zero Piedmont derivative securities reported following the transactions, indicating the executive no longer holds those Piedmont options
Insights
TL;DR: Transaction reporting reflects conversion and settlement of equity awards due to the Piedmont-Sayona merger, producing share conversions and disposals.
The Form 4 documents routine post-merger equity treatment for an executive. Performance stock units were deemed satisfied at the merger's effective time and converted, and outstanding Piedmont options and RSUs were converted or disposed consistent with the Merger Agreement's 1-for-527 exchange ratio. The filing shows a net disposal of 63,066 Piedmont common shares and the acquisition entry for 33,410 performance-based shares prior to conversion. This is an administrative disclosure of ownership changes tied to the transaction rather than an operational or earnings development.
TL;DR: Disclosure aligns with merger mechanics: awards vested/treated per agreement and converted into Sayona securities at the stated ratio.
The explanations explicitly state performance conditions were deemed satisfied at the merger, triggering conversion of PSUs and conversion of stock options and RSUs into Sayona securities at the 527:1 ratio. The Form 4 records corresponding acquisitions and disposals on 08/29/2025 and shows no remaining Piedmont derivative securities after the transactions. From a governance and compliance perspective, the filing provides necessary Section 16 transparency about an officer's post-merger holdings and related award treatment.
Operazioni interne di Michael D. White, EVP e CFO di Piedmont Lithium Inc. (PLL) riguardano il merger con Sayona Mining Limited. Il deposito dell'08/29/2025 riporta che 33.410 azioni di performance di Piedmont sono state considerate acquisite e 63.066 azioni ordinarie sono state cedute. Le note esplicative indicano che, ai sensi del Merger Agreement, ogni azione di Piedmont e ogni restricted stock unit sono stati convertiti in 527 azioni ordinarie Sayona, e ogni opzione Piedmont è stata convertita in un'opzione per acquistare 527 azioni Sayona. Diverse opzioni su azioni Piedmont preesistenti risultano cedute nella stessa data, senza strumenti derivati Piedmont residui dopo le operazioni.
Transacciones internas de Michael D. White, EVP y CFO de Piedmont Lithium Inc. (PLL) están vinculadas a la fusión con Sayona Mining Limited. La presentación del 29/08/2025 informa que 33.410 acciones de rendimiento de Piedmont se consideraron adquiridas y 63.066 acciones ordinarias fueron enajenadas. Las notas explicativas señalan que, según el Merger Agreement, cada acción de Piedmont y cada restricted stock unit se convirtieron en 527 acciones ordinarias de Sayona, y cada opción de Piedmont se convirtió en una opción para comprar 527 acciones de Sayona. Varias opciones sobre acciones de Piedmont existentes se registran como enajenadas en la misma fecha, quedando cero instrumentos derivados de Piedmont tras las operaciones.
Piedmont Lithium Inc.(PLL)의 EVP 겸 CFO Michael D. White의 내부거래는 Sayona Mining Limited와의 합병과 관련되어 있습니다. 2025년 8월 29일 제출서류에 따르면 Piedmont의 성과주 33,410주가 취득된 것으로 처리되었고, 보통주 63,066주는 처분되었습니다. 설명란에는 합병계약(Merger Agreement)에 따라 각 Piedmont 주식과 제한주식단위(restricted stock unit)가 각각 527주의 Sayona 보통주로 전환되었으며, 각 Piedmont 주식옵션은 527주의 Sayona 주식을 매수할 수 있는 옵션으로 전환되었다고 명시되어 있습니다. 기존의 여러 Piedmont 주식옵션이 동일한 날짜에 처분된 것으로 기재되어 있으며, 거래 후에는 남아 있는 Piedmont 파생증권이 없는 것으로 나타났습니다.
Opérations d'initiés par Michael D. White, EVP et CFO de Piedmont Lithium Inc. (PLL) liées à la fusion avec Sayona Mining Limited. Le dépôt du 29/08/2025 indique que 33 410 actions de performance Piedmont ont été traitées comme acquises et 63 066 actions ordinaires ont été cédées. Les notes explicatives précisent que, en vertu du Merger Agreement, chaque action Piedmont et chaque restricted stock unit ont été converties en 527 actions ordinaires Sayona, et que chaque option Piedmont a été convertie en une option d'achat de 527 actions Sayona. Plusieurs options sur actions Piedmont existantes sont indiquées comme cédées à la même date, et aucun instrument dérivé Piedmont ne subsiste après les opérations.
Insider-Transaktionen von Michael D. White, EVP und CFO von Piedmont Lithium Inc. (PLL) stehen im Zusammenhang mit der Fusion mit Sayona Mining Limited. Die Meldung vom 29.08.2025 besagt, dass 33.410 Piedmont-Leistungsaktien als erworben und 63.066 Stammaktien veräußert wurden. In den erläuternden Anmerkungen heißt es, dass gemäß dem Merger Agreement jede Piedmont-Aktie und jede Restricted Stock Unit in 527 Sayona-Stammaktien umgewandelt wurde und jede Piedmont-Option in eine Option zum Erwerb von 527 Sayona-Aktien. Mehrere bestehende Piedmont-Aktienoptionen sind am selben Datum als veräußert ausgewiesen, sodass nach den Transaktionen keine Piedmont-Derivate mehr verbleiben.
FAQ
What did Michael D. White report on Form 4 for Piedmont Lithium (PLL)?
How were Piedmont equity awards treated under the Merger Agreement?
Did the reporting person retain any Piedmont options after the transactions?
What is the conversion ratio used in the merger disclosure?
When were the transactions dated on the Form 4?
