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Lake Resources Director Converts 2.88 Million Restricted Stock Units Into Ordinary Shares

Story Highlights
  • Lake Resources director Robert Trzebski exercised 2.88 million restricted stock units into ordinary shares at nil consideration.
  • Following the transaction, Trzebski holds 2.88 million shares and 15 million listed options, tightening alignment with shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lake Resources Director Converts 2.88 Million Restricted Stock Units Into Ordinary Shares

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An update from Lake Resources N.L. ( (AU:LKE) ) is now available.

Lake Resources N.L. has disclosed a change in director Robert Trzebski’s interests following the exercise of 2,884,615 restricted stock units under the company’s Employee Awards Plan into an equivalent number of ordinary shares, with no consideration paid. Trzebski’s post-transaction holdings now consist of 2,884,615 ordinary shares and 15,000,000 listed director options exercisable at $0.05 until October 14, 2028, reflecting the conversion of his equity incentives into ordinary equity and signalling continued alignment of his interests with those of shareholders under the company’s existing remuneration arrangements.

The most recent analyst rating on (AU:LKE) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Lake Resources N.L. stock, see the AU:LKE Stock Forecast page.

More about Lake Resources N.L.

Lake Resources N.L. is an Australian-listed resources company focused on developing and operating projects in the mining and natural resources sector, with its securities traded on the ASX. The company’s capital structure includes ordinary shares, employee award plans with restricted stock units, and listed director options as part of its equity-based remuneration and incentive framework.

YTD Price Performance: 116.67%

Average Trading Volume: 27,478,375

Technical Sentiment Signal: Hold

Current Market Cap: A$206M

See more data about LKE stock on TipRanks’ Stock Analysis page.

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