Form 4: Li-Cycle Holdings Corp. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Christopher J. Biederman, Chief Technology Officer of Li-Cycle Holdings Corp., sold shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On January 31, 2025, Christopher J. Biederman, the Chief Technology Officer of Li-Cycle Holdings Corp., sold 326 common shares at a price of $1.015 per share.
- The sale was executed to cover the tax liability resulting from the vesting and settlement of restricted stock units (RSUs).
- Following the transaction, Biederman still beneficially owns 89,750 common shares, which includes 72,386 RSUs awarded under the company's 2021 Incentive Award Plan.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Christopher J. Biederman sold shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Li-Cycle Holdings Corp, Christopher J. Biederman, Form 4, insider trading, stock sale, RSUs, LICY, tax liability, executive compensation
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