Walker Clayton D. 4

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.