Form 4: Arcadium Lithium Director Michael F. Barry Reports Changes in Beneficial Ownership

Director Michael F. Barry reports acquisition and disposal of Arcadium Lithium shares due to tax obligations and restricted stock unit grants.

Summary

• On July 24, 2024, Director Michael F. Barry disposed of 5,683 ordinary shares at a price of $3.45 to cover tax obligations from vested restricted stock units.
• On July 26, 2024, Barry acquired 40,786 ordinary shares through the grant of restricted stock units (RSUs) under the Issuer's Omnibus Incentive Plan.
• Following these transactions, Barry beneficially owns 132,847 ordinary shares.
• The RSUs are scheduled to vest in full on the earliest of (i) the first anniversary of the date of grant, (ii) the date of the annual shareholders' meeting that next follows the grant date, or (iii) a change in control, subject to the terms of the Plan and the applicable award agreement issued thereunder.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The RSU grant is a positive sign, but the tax-related disposal is a neutral event.

Positives

• The grant of 40,786 RSUs to a director signals confidence in the company's future performance.

Future Outlook

The RSUs are scheduled to vest in full on the earliest of (i) the first anniversary of the date of grant, (ii) the date of the annual shareholders' meeting that next follows the grant date, or (iii) a change in control, subject to the terms of the Plan and the applicable award agreement issued thereunder.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel through equity-based compensation.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies, particularly in the technology and resource sectors.
• Companies like Albemarle and Livent also utilize RSUs and stock options as part of their executive compensation packages.
• The vesting schedules and terms of the Arcadium Lithium's Omnibus Incentive Plan are likely comparable to those of its peers.

Stakeholder Impact

• The RSU grant aligns management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates