Form 4: Li-Cycle Holdings Director Mark Wellings Reports Share Transactions

Director Mark Wellings of Li-Cycle Holdings Corp. reports acquiring and disposing of common shares and restricted stock units.

Summary

• Mark Wellings, a director at Li-Cycle Holdings Corp., reported transactions involving the company's common shares and restricted stock units (RSUs).
• On November 21, 2024, Mr. Wellings acquired 31,129 RSUs, which were granted in lieu of cash compensation under the 2024 Director Compensation Program.
• These RSUs were valued at $0 each at the time of grant, with the number of RSUs calculated based on a closing price of $2.08 per share on November 21, 2024.
• The RSUs will vest in full on May 23, 2025, contingent on Mr. Wellings' continued service.
• Mr. Wellings also indirectly disposed of 28,779 common shares held by ZCR Corp., of which he is the sole owner.
• Additionally, Mr. Wellings holds 129,209 RSUs that vest based on time-based conditions.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider transactions, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of insider transactions, which is a standard practice for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• The reporting of insider transactions is a standard practice across all publicly listed companies, as mandated by the SEC.
• The use of RSUs as part of director compensation is also a common practice, aligning director interests with the long-term performance of the company.
• The vesting schedule of the RSUs is typical, with a vesting period of approximately six months from the grant date.

Stakeholder Impact

• The transactions reported in this filing provide transparency to shareholders regarding the trading activities of a company director.
• The vesting of RSUs aligns the director's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

Li-Cycle Holdings, Mark Wellings, restricted stock units, RSUs, director, share transactions, insider trading, ZCR Corp