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, 2025.

Summary

• Glencore International AG filed a Form 4 detailing changes in beneficial ownership of Century Aluminum Co stock.
• On March 31, 2025, Glencore converted 35.93 shares of Series A Convertible Preferred Stock into 3,593 shares of common stock.
• Following the transaction, Glencore indirectly beneficially owns 12,538,031 shares of common stock.
• Glencore AG directly holds the shares of Series A Convertible Preferred Stock and some common stock, while Glencore International AG directly holds 27,500,000 shares of common stock.
• Glencore plc is the ultimate parent company and may be deemed an indirect beneficial owner of the securities held by its subsidiaries.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock conversion, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders.

Stakeholder Impact

• The conversion of preferred stock to common stock may have a slight dilutive effect on existing shareholders.

Key Dates

Keywords

Glencore, Century Aluminum, CENX, Form 4, Beneficial Ownership, Convertible Preferred Stock, Common Stock, Conversion