LITHIUM AMERICAS CORP.·4

Apr 14, 8:03 PM ET

COLTON LUKE 4

Research Summary

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Lithium Americas (LAC) CFO Colton Luke Converts RSUs; 26K Shares Withheld

What Happened

  • Colton Luke, Chief Financial Officer of Lithium Americas Corp. (LAC), had 39,183 restricted stock units (RSUs vest) convert to common shares on April 10, 2026 (derivative exercise/conversion). The RSUs converted at an exercise price of $0.00. To cover tax withholding, 26,452 of those shares were withheld/disposed at $4.17 per share, totaling $110,305, leaving a net delivery of approximately 12,731 shares to Mr. Luke.

Key Details

  • Transaction date: April 10, 2026 (filed April 14, 2026 — timely within required reporting window).
  • Vesting/conversion: 39,183 RSUs converted to shares (exercise/conversion code M / award code A).
  • Tax withholding: 26,452 shares withheld/disposed at $4.17 each for $110,305 (code F).
  • Net shares received: ~12,731 (39,183 acquired − 26,452 withheld).
  • Shares owned after transaction: Not reported in this Form 4.
  • Footnotes: The RSUs are a contingent right to one share each (F1). These 39,183 shares represent one-third of a 117,550 RSU grant made on April 10, 2025 that vests 1/3 annually starting in 2026 (F2).

Context

  • This was a routine vesting of RSUs rather than an open‑market purchase or sale. The withholding of shares to satisfy tax obligations is standard practice (a cashless/withholding settlement), not a market sale intended as a liquidity or investment signal. The filing appears to have been made within the normal reporting timeframe.