Form 4: Arcadium Lithium Director Alan Fitzpatrick Disposes of Shares Following Rio Tinto Acquisition

Director Alan Fitzpatrick reports the disposal of Arcadium Lithium shares and restricted stock units following the acquisition by Rio Tinto, receiving $5.85 per share.

Summary

• Alan Murray Fitzpatrick, a director of Arcadium Lithium plc, has reported changes in beneficial ownership of the company's securities.
• On March 6, 2025, Fitzpatrick disposed of 16,435 ordinary shares and 40,786 restricted stock units.
• The disposals were a result of the Transaction Agreement between Arcadium, Rio Tinto Western Holdings Limited, and Rio Tinto BM Subsidiary Limited.
• Under the agreement, each share of Arcadium common stock was converted into the right to receive $5.85 in cash.
• Similarly, each restricted stock unit was canceled in exchange for the right to receive $5.85 per share subject to the award.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a standard transaction following a previously announced acquisition. The director's actions are a consequence of the merger agreement.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition by Rio Tinto.

Industry Context

This announcement reflects the ongoing consolidation in the lithium mining industry, with major players like Rio Tinto acquiring companies to secure resources for battery production and electric vehicle manufacturing.

Comparison to Industry Standards

• Acquisition prices in the lithium sector vary widely based on resource size, project stage, and geopolitical factors.
• Comparing the $5.85 per share acquisition price to other lithium company acquisitions would require a detailed analysis of Arcadium's assets and market conditions at the time of the deal.
• For example, mergers between equals such as Allkem and Livent to form Arcadium Lithium, create large economies of scale and are valued differently than a takeover by a major mining company such as Rio Tinto.

Stakeholder Impact

• Shareholders received $5.85 per share as part of the acquisition.
• Employees' stock options and restricted stock units were cashed out at $5.85 per share.

Key Dates