Form 4: Lithium Americas Exec Converts RSUs, Sells Shares

Lithium Americas' Senior VP, Edward Grandy, converted restricted share units into common stock and subsequently sold a portion for tax obligations as part of a pre-planned transaction.

Summary

• Edward Grandy, Senior VP, General Counsel & Secretary of Lithium Americas Corp. (LAC), reported changes in his beneficial ownership.
• On January 23, 2026, Grandy acquired 8,375 common shares through the conversion of Restricted Share Units (RSUs).
• Following this acquisition, his direct beneficial ownership of common shares was 143,827.
• Also on January 23, 2026, Grandy disposed of 4,110 common shares at a price of $6.47 per share, likely for tax withholding purposes.
• After both transactions, his direct beneficial ownership of common shares decreased to 139,717.
• The filing indicates that the transaction was made pursuant to a Rule 10b5-1(c) plan, signifying a pre-arranged sale.
• The RSUs represent a contingent right to receive one share of common stock each, with a grant date of January 23, 2024, vesting one-third annually over three years.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of Restricted Share Units and a subsequent sale of shares for tax purposes, which is a common and expected event in executive compensation. It does not indicate any significant positive or negative developments for the company.

Positives

• The conversion of Restricted Share Units (RSUs) into common shares represents the realization of executive compensation, indicating a vesting event.

Negatives

• A portion of the acquired common shares (4,110 shares) was sold, reducing the executive's direct beneficial ownership, likely to cover tax liabilities associated with the RSU vesting.

Future Outlook

The filing does not provide any forward-looking statements or guidance beyond the details of the reported transactions and the vesting schedule of the RSUs.

Industry Context

This filing is a routine insider transaction report and does not contain information directly related to broader industry trends or competitive landscape within the lithium sector.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and is unlikely to have a significant impact on the company's share price or long-term value.
• Employees: Reflects standard executive compensation practices.

Next Steps

• Future vesting events for the remaining Restricted Share Units granted on January 23, 2024, will occur annually over three years.

Key Dates

Keywords

Lithium Americas, LAC, Insider Transaction, Form 4, Restricted Share Units, RSU, Executive Compensation, Stock Sale, 10b5-1 Plan