Lithium Americas (LAC) SVP Finance Russell‑Smith Receives Award

What Happened
Robert Russell‑Smith, Senior Vice President, Finance of Lithium Americas Corp. (LAC), was granted equity awards on January 29, 2026: 4,223 restricted share units (RSUs) reported as a short‑term award and 23,377 RSUs reported as a derivative award. Both grants show an acquisition price of $0.00 on the Form 4 (award/grant code A). The filing lists zero cash paid — these are compensation awards that may convert into common shares if and when they vest.

Key Details

• Transaction date: January 29, 2026. Reported on Form 4 filed March 31, 2026 (see timeliness note below).
• Reported amounts and prices:
  • 4,223 RSUs @ $0.00 (short‑term RSU grant) — footnote F1.
  • 23,377 RSUs @ $0.00 (derivative RSU grant) — footnote F3.
• Shares owned after transaction: Not stated in the provided filing information.
• Footnotes of note:
  • F1: 4,223 short‑term RSUs vest 100% 60 days from the grant date.
  • F2: Each RSU represents a contingent right to receive one common share upon vesting.
  • F3: 23,377 RSUs vest 1/3 annually on each anniversary of the grant date, beginning in 2027.
• Filing timeliness: The Form 4 was filed Mar 31, 2026 for a Jan 29, 2026 grant (reported late). Late filings reduce timely public disclosure of insider activity.

Context
RSUs are compensation awards, not open‑market purchases or sales. They convert into common shares only if and when they vest per the schedules above (short‑term award ~60 days after grant; larger award vests over three years starting 2027). Such grants are common executive compensation and do not by themselves indicate immediate buying or selling intent.