Form 4: Li-Cycle Executive Sells Shares to Cover Tax Obligations

Christine Barwell, Chief Human Resources Officer of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On January 27, 2025, Christine Barwell, the Chief Human Resources Officer of Li-Cycle Holdings Corp., sold 1,426 common shares at a price of $1.075 per share.
• The sale was an automatic transaction to cover the tax liability resulting from the vesting and settlement of restricted stock units (RSUs).
• Following the transaction, Barwell beneficially owns 62,058 common shares, which includes 59,819 RSUs granted under the company's 2021 Incentive Award Plan.
• Each RSU represents the right to receive one common share of Li-Cycle Holdings Corp., subject to time-vesting conditions and continued service.
• The reported securities numbers have been adjusted to reflect a share consolidation on June 3, 2024, at a ratio of one post-consolidation share for every eight pre-consolidation shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and their holdings in the company's stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates