Form 4: Century Aluminum CEO Transfers Shares to Revocable Trust

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 July 15, 2024.
• The filing reports a transaction on July 11, 2024, where Gary transferred 17,549 shares of Century Aluminum common stock to a self-settled, revocable trust.
• Gary serves as the trustee of this trust, which is for estate planning purposes.
• The transfer is reported as a disposition of shares directly owned by Gary and an acquisition of shares indirectly owned through the trust.
• Following the transaction, Gary directly owns 324,657 shares and indirectly owns 79,996 shares through the trust.
• The directly owned shares include unvested TVSUs granted under the company's Long-Term Incentive Plans.

Sentiment

Score: 7

Explanation: The document describes a routine transaction (share transfer for estate planning). It's neutral to slightly positive as it reflects proactive financial planning by the CEO.

Positives

• The share transfer is for estate planning purposes, which is a common and legitimate financial planning strategy.

Industry Context

Share transfers to trusts are common among executives for estate planning and wealth management.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a personal financial planning matter for the CEO.

Key Dates