BROWN MICHAEL JOHN 4
4 · LITHIUM AMERICAS CORP. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Lithium Americas Director Michael Brown Receives 12,312 DSUs
What Happened
Michael John Brown, a director of Lithium Americas Corp. (LAC), received a grant of 12,312 deferred share units (DSUs) on 2026-07-06. The grant is recorded as an award/derivative (code A) at $0.00 per unit (total reported value $0). These DSUs represent the right to receive one common share per DSU but are not issued shares today and do not carry voting or dispositive rights while Brown remains a director.
Key Details
- Transaction date: 2026-07-06; filing date: 2026-07-08 (timely Form 4 filing).
- Award: 12,312 DSUs @ $0.00 (derivative award); reported value $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: Each DSU converts to one common share only upon termination of the reporting person's employment or directorship; no voting/dispositive rights before then. U.S. participants: settlement occurs 6 months after termination; non-U.S. participants: settlement on the 20th business day after termination.
- Transaction code: A = Award/Grant (derivative).
Context
DSU grants are a common form of director compensation and are not the same as an open-market purchase or sale; they do not immediately increase the director's voting stake in the company. This grant does not itself signal buying or selling activity in the market — it is a deferred, non-voting award that will convert to shares only upon termination under the timelines noted above.
Insider Transaction Report
- Award
Deferred Share Units ("DSUs")
[F1]2026-07-06+12,312→ 129,218 total→ Common Shares (12,312 underlying)
Footnotes (1)
- [F1]Each DSU represents the right to receive one common share of the Issuer. The underlying common shares will not be issued to the Reporting Person, and the Reporting Person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the Reporting Person's employment or services as a director of the Issuer. Grants to U.S. eligible participants will be settled with no further action by the Reporting Person on the date that is 6 months following the Reporting Person's termination date. Grants to non-U.S. eligible participants will be settled with no further action by the Reporting Person on the 20th business day following the Reporting Person's termination date.