Form 4: Glencore Converts Preferred Stock to Common Stock in Century Aluminum

Glencore International AG converted Series A Convertible Preferred Stock into common stock of Century Aluminum Co on September 30, 2024.

Summary

• On September 30, 2024, Glencore International AG converted 131.92 shares of Series A Convertible Preferred Stock into 13,192 shares of Century Aluminum Co common stock.
• The Series A Convertible Preferred Stock is convertible into common stock at a rate of 100 shares of common stock for each share of preferred stock.
• Following the transaction, Glencore AG indirectly holds 12,324,276 shares of common stock and 51,816.71 shares of Series A Convertible Preferred Stock.
• Glencore International AG directly holds 27,500,000 shares of common stock.
• Glencore plc may be deemed an indirect beneficial owner of the securities held by Glencore AG and Glencore International AG.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a conversion of preferred stock to common stock. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing indicates changes in ownership structure, which is a common occurrence in publicly traded companies. Monitoring these changes can provide insights into investor sentiment and potential strategic shifts.

Stakeholder Impact

• The conversion of preferred stock to common stock may slightly dilute existing shareholders' equity.

Key Dates