Form 4: Li-Cycle Holdings Corp. Director Scott Prochazka Reports Changes in Beneficial Ownership

Director Scott Prochazka reports acquisition and disposal of Li-Cycle Holdings Corp. common shares and restricted stock units.

Summary

• On May 23, 2024, Scott Prochazka, a director of Li-Cycle Holdings Corp., reported changes in his beneficial ownership of the company's securities.
• Prochazka acquired 220,855 common shares through 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, subject to time-vesting conditions and continued service.
• The reporting person also disposed of 220,855 common shares.
• Following these transactions, Prochazka beneficially owns 508,530 common shares, including 220,855 RSUs.

Sentiment

Score: 5

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

Positives

• The acquisition of RSUs indicates continued alignment of the director's interests with the company's long-term performance.

Negatives

• The disposal of 220,855 common shares could be interpreted negatively, although the reason for disposal is not specified.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors. It is standard practice for publicly traded companies.

Stakeholder Impact

• Shareholders are informed about changes in the holdings of a key company director.

Key Dates