COLTON LUKE 4
Research Summary
AI-generated summary
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.