Form 4: Lithium Americas Director Michael Brown Receives Significant Equity Grant

Lithium Americas Corp. Director Michael John Brown was granted 17,636 Deferred Share Units, increasing his total beneficial ownership to 86,953 DSUs.

Summary

• Michael John Brown, a Director of Lithium Americas Corp. (LAC), was granted 17,636 Deferred Share Units (DSUs).
• The transaction date for this grant was July 30, 2025.
• Following this transaction, Mr. Brown beneficially owns a total of 86,953 Deferred Share Units.
• 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 the termination of his employment or services as a director.
• Grants to U.S. eligible participants will settle 6 months following termination, while non-U.S. eligible participants will settle on the 20th business day following termination.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's increased equity holding, even through compensation, generally indicates alignment with shareholder interests, though it's a routine grant rather than an open market purchase.

Positives

• The grant of Deferred Share Units to a director aligns management's interests with those of shareholders, as the value of the DSUs is tied to the company's share price performance.

Future Outlook

The Deferred Share Units will convert into common shares of Lithium Americas Corp. upon the termination of Michael John Brown's employment or services as a director, with specific settlement dates depending on his residency status.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape within the lithium sector.

Related Party Transactions

• The grant of 17,636 Deferred Share Units to Michael John Brown, a Director of Lithium Americas Corp., constitutes a transaction between the company and a related party (an insider).

Stakeholder Impact

• Shareholders: The grant of DSUs to a director can enhance alignment between management and shareholder interests, as the director's compensation is tied to the company's stock performance.

Next Steps

• Conversion of Deferred Share Units into common shares upon termination of the director's service or employment.

Key Dates

Keywords

Lithium Americas, LAC, Michael John Brown, Director, Deferred Share Units, DSU, Equity Grant, Insider Transaction, Compensation