Form 4: Arcadium Lithium Director Heywood Disposes of Shares in Rio Tinto Acquisition

Director Leanne Heywood reports the disposal of Arcadium Lithium shares and restricted stock units following the completion of the acquisition by Rio Tinto.

Summary

• Leanne Heywood, a director of Arcadium Lithium plc, has reported the disposal of 34,117 ordinary shares and 40,786 restricted stock units on March 6, 2025.
• The disposals were a result of the Transaction Agreement between Arcadium, Rio Tinto Western Holdings Limited, and Rio Tinto BM Subsidiary Limited.
• The transaction involved Rio Tinto acquiring Arcadium, with each Arcadium share being converted into the right to receive $5.85 in cash.
• Heywood's restricted stock units were also canceled in exchange for the right to receive $5.85 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects the completion of a previously announced acquisition. The director's actions are a consequence of the deal closing.

Future Outlook

The transaction has been completed, and Arcadium Lithium is now part of 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.

Key Dates