CENX.NASDAQCentury Aluminum CO

Form 4: Century Aluminum CEO Jesse Gary Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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Jesse E. Gary, CEO of Century Aluminum, reports the withholding of shares to cover tax obligations related to vesting stock units.

Summary

  • On July 1, 2024, Jesse E. Gary, the President and CEO of Century Aluminum, reported a transaction involving the company's common stock.
  • 13,958 shares were withheld by the issuer to satisfy tax obligations related to the vesting of Time Vested Stock Units (TVSUs) granted on July 1, 2021.
  • The price per share for the transaction was $16.67.
  • Following the transaction, Gary directly owns 342,206 shares of common stock, which includes TVSUs granted under the company's Long-Term Incentive Plans.
  • Gary also indirectly owns 62,447 shares through a self-settled, revocable trust where he serves as trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock transactions, and does not contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates

DateDescription
07/01/2021Date of original grant of Time Vested Stock Units (TVSUs).
07/01/2024Date of the reported transaction (shares withheld for tax obligations).
07/03/2024Date of signature on the Form 4 filing.

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