Century Aluminum (CENX) director granted 2,172 RSUs in annual equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bush Jennifer Mary reported acquisition or exercise transactions in this Form 4 filing.
Century Aluminum director Jennifer Mary Bush received an equity award in the form of restricted stock units. She was granted 2,172 shares of common stock on a grant/award basis at no cash price, as part of her annual compensation.
The RSUs vest in full on the earlier of the 12-month anniversary of the grant date, the company’s next regular annual meeting of stockholders, or certain other events described in the award terms. After this grant, she holds 49,044 shares of common stock directly, including shares issuable from vested RSUs whose settlement she has elected to defer.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bush Jennifer Mary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,172 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 49,044 shares (Direct, null)
Footnotes (1)
- Represents annual grant of restricted stock units ("RSUs"), all of which vest in full on the earlier of (i) the 12-month anniversary of the grant date, (ii) the date of the Issuer's next regular annual meeting of stockholders, or (iii) the occurrence of certain other events in accordance with the terms of the award. Includes shares of common stock issuable pursuant to vested RSUs, the settlement of which have been deferred pursuant to an annual deferral election previously made by the Reporting Person.
Key Figures
RSUs granted: 2,172 shares
Shares after transaction: 49,044 shares
Grant price: $0.0000 per share
+1 more
4 metrics
RSUs granted
2,172 shares
Annual equity award of common stock RSUs
Shares after transaction
49,044 shares
Total direct holdings after RSU grant, including deferred RSUs
Grant price
$0.0000 per share
Equity award, no cash exercise price
Transaction code
A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock units ("RSUs"), annual grant, deferral election, annual meeting of stockholders
4 terms
restricted stock units ("RSUs") financial
"Represents annual grant of restricted stock units ("RSUs"), all of which vest in full..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
annual grant financial
"Represents annual grant of restricted stock units ("RSUs"), all of which vest in full..."
deferral election financial
"settlement of which have been deferred pursuant to an annual deferral election previously made..."
annual meeting of stockholders financial
"vest in full on the earlier of (i) the 12-month anniversary... (ii) the date of the Issuer's next regular annual meeting of stockholders..."
FAQ
What insider transaction did Century Aluminum (CENX) disclose for Jennifer Mary Bush?
Century Aluminum reported that director Jennifer Mary Bush received an annual grant of 2,172 restricted stock units, representing common stock awarded as compensation. The grant carries no cash exercise price and is structured as equity-based director pay rather than an open-market share purchase or sale.
What are the vesting terms of the RSUs granted to the Century Aluminum (CENX) director?
The RSUs granted to the director vest in full on the earlier of the 12-month anniversary of the grant date, the next regular annual meeting of stockholders, or specified events in the award terms. These conditions define when the award converts into deliverable common shares.
Was the Century Aluminum (CENX) insider transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was reported with code “A” as a grant or award acquisition, reflecting equity compensation in restricted stock units with a per-share price of $0.0000, rather than an open-market trade for cash.
What does the deferral election mentioned in the Century Aluminum (CENX) filing mean?
The deferral election means the director chose to delay settlement of some vested RSUs into actual common shares. Those deferred RSUs are already vested and counted in her reported holdings, but delivery of the underlying shares occurs later according to her deferral arrangement.