Form 4: Century Aluminum Executive Reports Stock Transactions

Kenneth L. Calloway, SVP of Human Resources at Century Aluminum, reports acquisition and disposal of company stock related to vesting of PSUs and TVSUs, as well as tax obligations.

Summary

• On December 31, 2024, Kenneth L. Calloway, SVP of Human Resources at Century Aluminum, acquired 7,267 shares of common stock upon the vesting of PSUs under the 2022-2024 Long-Term Incentive Plan.
• Also on December 31, 2024, 3,280 shares were withheld by the issuer to satisfy tax obligations related to the vesting of PSUs at a price of $18.22.
• An additional 1,125 shares were withheld to cover tax obligations from the vesting of TVSUs granted on January 1, 2022, also at $18.22.
• On January 1, 2025, Calloway was granted 7,787 TVSUs under the 2025-2027 Long-Term Incentive Plan, which will vest on December 31, 2027.
• Following these transactions, Calloway beneficially owns 45,156 shares, including unvested TVSUs.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions related to compensation plans, indicating a neutral sentiment.

Positives

• The granting of TVSUs under the 2025-2027 Long-Term Incentive Plan indicates continued investment in employee compensation and retention.

Future Outlook

The granted TVSUs will vest on December 31, 2027, subject to the terms and conditions of the 2025-2027 Long-Term Incentive Plan.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation plans. Monitoring these transactions can provide insights into management's perspective on the company's performance and future prospects.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, including Century Aluminum's competitors like Alcoa and Norsk Hydro.
• The vesting schedules and types of equity grants (PSUs and TVSUs) are typical components of long-term incentive plans designed to align executive interests with shareholder value.

Stakeholder Impact

• These transactions have a minor impact on shareholders, reflecting standard executive compensation practices.
• Employees participating in the Long-Term Incentive Plan are directly impacted by the vesting of PSUs and TVSUs.

Key Dates