Berntzen Jarl 4
Research Summary
AI-generated summary
CENX Director Jarl Berntzen Receives 2,172 RSUs
What Happened
Jarl Berntzen, a director of Century Aluminum Co. (CENX), was granted 2,172 restricted stock units (RSUs) on 2026-06-15. The award is reported as an acquisition at $0 per share (standard for RSU grants). This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-15 (Form 4 filed 2026-06-17; filing appears timely).
- Transaction type/code: Award/Acquisition (A).
- Shares granted: 2,172 RSUs; reported price $0 (reflects grant accounting, not market value).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1 — These RSUs are an annual grant that vest in full on the earlier of (i) 12 months after the grant, (ii) the issuer’s next regular annual meeting of stockholders, or (iii) certain other events per the award terms.
- F2 — Includes common shares issuable from vested RSUs for which settlement has been deferred under a prior annual deferral election by the reporting person.
Context
RSU grants are a form of compensation and do not reflect an open-market directional trade; they’re often routine for directors and executives. Because settlement of some vested RSUs may be deferred (per F2), Berntzen may not receive shares immediately even after vesting. This filing documents the grant; it does not by itself indicate buying or selling sentiment.
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