Century Aluminum (CENX) director Errol Glasser receives 2,172-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Century Aluminum director Errol Glasser reported receiving 2,172 shares of Common Stock as a compensation grant. The filing explains this was an annual award of restricted stock units that fully vested on the grant date rather than an open-market purchase.
After this award, Glasser holds 120,869 shares of Century Aluminum stock directly. This total includes shares issuable from vested RSUs whose settlement has been deferred under an earlier deferral election, meaning some vested units will be converted into shares at a later time instead of immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GLASSER ERROL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,172 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 120,869 shares (Direct, null)
Footnotes (1)
- Represents annual grant of restricted stock units ("RSUs"), all of which vested on the date of grant. 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
RSU grant size: 2,172 shares
Grant price: $0.00 per share
Shares held after grant: 120,869 shares
3 metrics
RSU grant size
2,172 shares
Annual restricted stock unit award to director
Grant price
$0.00 per share
Compensation grant, not open-market purchase
Shares held after grant
120,869 shares
Total direct holdings following reported transaction
Key Terms
restricted stock units ("RSUs"), vested RSUs, deferral election
3 terms
restricted stock units ("RSUs") financial
"Represents annual grant of restricted stock units ("RSUs"), all of which vested"
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.
vested RSUs financial
"Includes shares of common stock issuable pursuant to vested RSUs, the settlement"
deferral election financial
"settlement of which have been deferred pursuant to an annual deferral election"
FAQ
What insider transaction did Century Aluminum (CENX) director Errol Glasser report?
Errol Glasser reported receiving 2,172 shares of Century Aluminum Common Stock as an annual equity grant. The award was structured as restricted stock units that fully vested on the grant date and represents compensation, not an open-market stock purchase.
Was Errol Glasser’s CENX Form 4 transaction a stock purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. Glasser received 2,172 shares through an annual award of restricted stock units, recorded at a price of $0.00 per share, which is typical for compensation-related equity grants to company directors.
What are RSUs in the context of the CENX insider filing for Errol Glasser?
In this filing, RSUs are restricted stock units granted as annual director compensation. Glasser’s RSUs fully vested on the grant date, and some represent vested units whose conversion into actual shares has been deferred based on a previously made annual deferral election.
Does Errol Glasser’s CENX filing mention deferred settlement of RSUs?
Yes. The filing notes that his total holdings include shares issuable from vested restricted stock units whose settlement has been deferred. This reflects an annual deferral election he previously made, delaying when certain vested units convert into actual shares.