Form 4: Lithium Americas Corp. Director Jinhee Magie Reports Acquisition of Deferred Share Units
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
| Date | Description |
|---|---|
| 04/10/2025 | Date of transaction: Acquisition of 8,116 Deferred Share Units |
| 04/14/2025 | Date of signature on the Form 4 filing |
Keywords
Lithium Americas Corp, Director, Jinhee Magie, Deferred Share Units, DSUs, Beneficial Ownership, Form 4, LAC
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.