Form 4: CENX CFO Trpkovski Reports Equity Transactions

Century Aluminum CFO Peter A. Trpkovski reported routine equity transactions, including PSU vesting, tax-related share dispositions, and a new RSU grant.

Summary

• Peter A. Trpkovski, EVP, CFO, and Treasurer of Century Aluminum Company (CENX), reported several equity transactions.
• On December 31, 2025, Trpkovski acquired 18,260 shares of common stock upon the vesting of Performance Share Units (PSUs) from the Issuer's 2023-2025 Long-Term Incentive Plan.
• Concurrently, 8,090 shares were withheld by the Issuer at a price of $39.18 to satisfy tax obligations related to the PSU vesting.
• An additional 4,045 shares were withheld by the Issuer at a price of $39.18 to satisfy tax obligations in connection with the vesting of Restricted Stock Units (RSUs) previously granted on January 1, 2023.
• On January 1, 2026, Trpkovski was granted 13,488 Restricted Stock Units (RSUs) under the Issuer's 2026-2028 Long-Term Incentive Plan, which are scheduled to vest on December 31, 2028.
• Following these reported transactions, Trpkovski's direct beneficial ownership stands at 85,104 shares, which includes unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine executive compensation, including the vesting of prior awards and a new grant, which are generally positive for executive retention and alignment, despite the necessary share dispositions for tax purposes.

Positives

• Vesting of 18,260 Performance Share Units (PSUs) indicates the achievement of performance targets, rewarding executive performance.
• Grant of 13,488 new Restricted Stock Units (RSUs) under a long-term incentive plan aligns the CFO's future incentives with the company's performance.

Negatives

• Disposition of a total of 12,135 shares (8,090 shares for PSU tax obligations and 4,045 shares for RSU tax obligations) at $39.18 per share to cover tax liabilities, reducing the immediate beneficial ownership of common stock.

Future Outlook

The grant of new Restricted Stock Units (RSUs) vesting on December 31, 2028, signifies a continued long-term incentive structure for the CFO, aligning his interests with the company's future performance over the next few years.

Industry Context

This filing details routine executive compensation events for a publicly traded company, which are standard practices across various industries to incentivize and retain key management personnel.

Stakeholder Impact

• Shareholders: Routine executive compensation events have a minimal direct impact on shareholders, primarily serving to align management incentives with long-term company performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 13,488 Restricted Stock Units (RSUs) granted on January 1, 2026, are scheduled to vest on December 31, 2028, subject to the terms and conditions of the Issuer's Long-Term Incentive Plan.

Key Dates

Keywords

Century Aluminum, CENX, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Share Units, Equity Grant, Stock Vesting