Walker Clayton D. 4
4 · LITHIUM AMERICAS CORP. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Lithium Americas (LAC) Director Clayton D. Walker Receives 6,900-Unit Award
What Happened
Clayton D. Walker, a director of Lithium Americas Corp. (LAC), was granted 6,900 derivative units on 2026-07-06. The grant is reported as an award (code A) of 6,900 units at $0.00 each (total immediate value $0). These are deferred share units (DSUs) rather than current common shares.
Key Details
- Transaction date: 2026-07-06; SEC filing date: 2026-07-08 (filed within the typical 2-business-day Form 4 window).
- Security: 6,900 deferred share units (DSUs) reported as derivative awards at $0.00 per unit.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Each DSU represents the right to one common share but underlying shares are not issued and the reporting person has no voting or dispositive rights until termination of service.
- Settlement timing: U.S. participants' DSUs settle six months after termination; non-U.S. participants' DSUs settle on the 20th business day after termination.
Context
This was an equity award to a director—not an open-market purchase or sale—so it doesn't reflect an immediate cash investment or liquidity event. DSU grants are standard compensation/retention tools for non-employee directors and convert to actual shares only upon the director's departure (per the footnote), so they should be interpreted as compensation rather than a near-term bullish or bearish trading signal.
Insider Transaction Report
- Award
Deferred Share Units ("DSUs")
[F1]2026-07-06+6,900→ 6,900 total→ Common Shares (6,900 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.