Form 4: Century Aluminum Director Michelmore Reports Share Transactions

Director Andrew Michelmore reports acquisition of shares through vested share units and subsequent disposal to cover tax obligations.

Summary

• On June 3, 2024, Andrew Michelmore, a director of Century Aluminum Co, acquired 7,070 shares of common stock through the vesting of time-vesting share units (TVSUs).
• These TVSUs vested on the date of grant.
• On the same day, Michelmore disposed of 2,121 shares to satisfy tax obligations related to the vesting of the TVSUs at a price of $17.71 per share.
• Following these transactions, Michelmore beneficially owns 83,644 shares of Century Aluminum Co.
• The transactions were reported on June 5, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transactions by a company director, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's stock ownership.
• The disposal of shares to cover tax obligations has a minor impact on the overall market supply.

Key Dates