Form 4: Century Aluminum CEO Transfers Shares to Revocable Trust
SEC Form 4 Filing
Jesse E. Gary, CEO of Century Aluminum, reports transferring shares to a self-settled revocable trust for estate planning purposes.
Summary
- Jesse E. Gary, the President and CEO of Century Aluminum, filed a Form 4 on January 29, 2025.
- The form details changes in his beneficial ownership of Century Aluminum stock.
- On January 28, 2025, Gary transferred 127,216 shares of common stock to a self-settled, revocable trust for estate planning purposes.
- He serves as the trustee of this trust.
- The transfer did not involve a sale, and the price per share is listed as $0.
- Following the transaction, Gary directly owns 366,147 shares, which includes unvested TVSUs granted under the company's Long-Term Incentive Plans.
- He also indirectly owns 127,969 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a personal financial planning move by the CEO and doesn't necessarily reflect a change in the company's operational outlook.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of stock transfer to revocable trust. |
| 01/29/2025 | Date of Form 4 filing. |
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