Form 4: Lithium Americas Corp. Director Jinhee Magie Reports Acquisition of Deferred Share Units

Sentiment:

SEC Form 4 Filing


Director Jinhee Magie reports acquiring 8,116 Deferred Share Units (DSUs) of Lithium Americas Corp., bringing the total holdings to 43,573 DSUs.

Summary

  • On April 10, 2025, Jinhee Magie, a director of Lithium Americas Corp., acquired 8,116 Deferred Share Units (DSUs).
  • Each DSU represents the right to receive one common share of Lithium Americas Corp.
  • The underlying common shares will not be issued, and the reporting person will not have voting or dispositive rights until termination of employment or services as a director.
  • Following the transaction, Magie directly owns 43,573 DSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a director's compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The underlying common shares related to the DSUs will be issued upon the termination of the reporting person's employment or services as a director of the Issuer.

Industry Context

This filing reflects standard compensation practices for directors of publicly traded companies, often involving deferred share units that vest over time or upon departure from the board.

Stakeholder Impact

  • The acquisition of DSUs by a director aligns the director's interests with those of the shareholders, as the value of the DSUs is tied to the performance of the company's stock.

Key Dates

DateDescription
04/10/2025Date of transaction: Acquisition of 8,116 Deferred Share Units
04/14/2025Date of signature on the Form 4 filing

Keywords

Lithium Americas Corp, Director, Jinhee Magie, Deferred Share Units, DSUs, Beneficial Ownership, Form 4, LAC

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