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

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 August 13, 2024, Carl DeLuca, General Counsel and Corporate Secretary of Li-Cycle Holdings Corp., sold 1,376 common shares at a price of $2.5 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 101,672 common shares, which includes 3,933 RSUs awarded 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 vesting conditions and continued service.
• The number of securities reported 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: This is a neutral event. An executive selling shares to cover tax obligations is a routine transaction and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who sell shares of their company. It is a normal part of executive compensation and financial planning.

Key Dates