Form 4: Li-Cycle Director Susan Alban Reports Changes in Beneficial Ownership
SEC Form 4
Director Susan Alban reports acquisition and disposal of Li-Cycle Holdings Corp. restricted stock units (RSUs).
Summary
- On May 23, 2024, Susan Alban, a director of Li-Cycle Holdings Corp., reported changes in her beneficial ownership of the company's securities.
- Alban acquired 220,855 restricted stock units (RSUs) under the Li-Cycle Holdings Corp. 2021 Incentive Award Plan.
- Each RSU represents the contingent right to receive one common share of Li-Cycle Holdings Corp., subject to time-vesting conditions and continued service.
- Alban also disposed of 220,855 common shares.
- Following these transactions, Alban beneficially owns 377,098 common shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: acquisition and disposal of securities. |
| 05/28/2024 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.