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 March 31, 2024.

Summary

• Glencore International AG filed a Form 4 detailing changes in beneficial ownership of Century Aluminum Co stock.
• On March 31, 2024, Glencore converted 45.62 shares of Series A Convertible Preferred Stock into 4,562 shares of common stock.
• Following the transaction, Glencore AG indirectly holds 12,282,070 shares of common stock and 52,238.77 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 routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

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

Key Dates