Form 4: Li-Cycle Holdings Corp. COO Conor Spollen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Conor Spollen, Chief Operating Officer of Li-Cycle Holdings Corp., reports acquisition and disposal of common shares and restricted stock units (RSUs).
Summary
- On May 8, 2024, Conor Spollen, the Chief Operating Officer of Li-Cycle Holdings Corp., reported changes in beneficial ownership.
- Spollen acquired 599,679 common shares.
- These shares were acquired through restricted stock units (RSUs) awarded under the Li-Cycle Holdings Corp. 2021 Incentive Award Plan.
- Each RSU represents the right to receive one common share, contingent upon time-vesting conditions and continued service.
- Spollen also disposed of 150,580 common shares.
- Following these transactions, Spollen beneficially owns 781,377 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It reflects changes in holdings due to vesting of stock awards.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction involving common shares and RSUs. |
| 05/10/2024 | Date of signature by attorney-in-fact. |
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