Lithium Americas (LAC) counsel delivers 4,225 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lithium Americas Corp. senior vice president, general counsel and secretary Edward Grandy transferred 4,225 common shares on February 12 as a tax-withholding disposition at $4.54 per share. After this withholding to satisfy obligations in shares rather than cash, he directly holds 177,854 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRANDY EDWARD
Role
Sr VP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 4,225 | $4.54 | $19K |
Holdings After Transaction:
Common Shares — 177,854 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did LAC executive Edward Grandy report?
Edward Grandy reported a tax-withholding disposition of 4,225 Lithium Americas common shares. The shares were delivered to cover obligations instead of using cash, a routine mechanism tied to equity compensation rather than an open-market sale or discretionary trading activity.
What does transaction code F mean in Edward Grandy’s LAC filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 4,225 Lithium Americas common shares were transferred as a tax-withholding disposition, so it is not recorded as an open-market purchase or sale by the executive.
Is Edward Grandy’s LAC Form 4 transaction an open-market sale?
The transaction is not an open-market sale; it is classified as a tax-withholding disposition under code F. Shares were delivered to cover obligations, meaning the disposition is a mechanical outcome of compensation rather than a discretionary decision to sell on the open market.
What is Edward Grandy’s role at Lithium Americas Corp.?
Edward Grandy serves as senior vice president, general counsel and secretary of Lithium Americas Corp. His Form 4 reflects equity-related tax withholding activity associated with this executive role, rather than a traditional buy or sell order placed on the public stock market.