Form 4: Li-Cycle CFO Craig Cunningham Reports Acquisition of Common Shares and Restricted Stock Units

Craig Cunningham, CFO of Li-Cycle Holdings Corp., reports the acquisition of common shares and restricted stock units (RSUs) under the company's 2021 Incentive Plan.

Summary

• On August 29, 2024, Craig Cunningham, the Chief Financial Officer of Li-Cycle Holdings Corp., acquired 270,270 common shares and 46,452 restricted stock units (RSUs).
• The RSUs were awarded under the Li-Cycle Holdings Corp. 2021 Incentive Plan.
• Each RSU represents the contingent right to receive one common share of Li-Cycle Holdings Corp.
• The RSUs vest subject to time-vesting conditions and the reporting person's continued service.
• Following these transactions, Cunningham directly owns 316,722 common shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any explicit positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including RSUs are standard practice among publicly listed companies to incentivize performance and retain key personnel.
• The vesting schedules and terms of the Li-Cycle Holdings Corp. 2021 Incentive Plan would need to be compared to those of peer companies in the battery recycling and resource recovery sectors to assess its competitiveness.
• Companies like Redwood Materials, Ascend Elements, and other players in the battery recycling space also utilize equity-based compensation to attract and retain talent.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.
• It assures stakeholders that the CFO's interests are aligned with the company's long-term success through equity ownership.

Key Dates