Form 4: Century Aluminum Director Berntzen Receives Annual Grant of Time-Vesting Share Units

Director Jarl Berntzen acquired 7,070 shares of Century Aluminum common stock through an annual grant of time-vesting share units.

Summary

• On June 3, 2024, Jarl Berntzen, a director of Century Aluminum Co, acquired 7,070 shares of common stock.
• The acquisition was an annual grant of time-vesting share units (TVSUs).
• These TVSUs vest fully on the earliest of (i) the 12-month anniversary of the grant date, (ii) the date of the Issuer's next regular annual meeting of stockholders, or (iii) the occurrence of certain other events in accordance with the terms of the award.
• Following the transaction, Berntzen beneficially owns 201,173 shares of Century Aluminum common stock, including shares issuable pursuant to vested TVSUs with deferred settlement.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of share units) for a company director, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of interests.

Positives

• The grant of TVSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment to the company.

Future Outlook

The TVSUs will vest based on the specified conditions, potentially increasing Berntzen's holdings of Century Aluminum stock.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency regarding their transactions in the company's stock.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the director's increased stake in the company.

Key Dates