Form 4: Li-Cycle Holdings Corp. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On January 31, 2025, Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold 391 common shares at a price of $1.015 per share.
- The sale was executed to cover tax obligations related to the vesting and settlement of restricted stock units (RSUs).
- Following the transaction, DeLuca beneficially owns 100,441 securities, including 94,401 RSUs awarded 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.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations from vesting RSUs, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Carl DeLuca sold 391 common shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Li-Cycle Holdings Corp., Carl DeLuca, Form 4, Insider Trading, Securities, RSUs, Tax Liabilities, LICY
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