Jesse E. Gary, the President and Chief Executive Officer of Century Aluminum Co (NASDAQ:CENX), completed the sale of 150,000 shares of common stock on March 16, 2026. The shares moved at a weighted average price of $55.47, producing total proceeds of $8,320,500. Traded prices during the transaction ranged from $54.08 to $56.80.
The share sale was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan, and Century Aluminum confirmed the plan is now complete. After the disposition, Gary retains direct ownership of 277,227 shares, a figure that includes unvested restricted stock units. He also indirectly holds 142,580 shares via a trust.
Century Aluminum's stock has been strong over the past year, trading close to a 52-week high of $59.12 and delivering a 176% total return over the last 12 months. Despite that run, InvestingPro's valuation model places a Fair Value at $60.30, which the service interprets as leaving room for additional upside relative to current levels. InvestingPro also notes 18 additional ProTips and expanded analysis for subscribers who want deeper valuation and performance context.
On the operational front, Century Aluminum reported fourth-quarter 2025 adjusted EBITDA of $171 million. Management characterized that result as being at the lower end of the company's guidance band while still largely meeting expectations. The company cited optimism for improved near-term results tied to the restart of its Mt. Holly facility.
Strategic activity this year includes a joint venture with Emirates Global Aluminium to build what the companies say will be the first new primary aluminum production plant in the United States since 1980. The facility, planned for Inola, Oklahoma, is expected to have an annual production capacity of 750,000 tonnes, which would materially expand U.S. primary aluminum production capability.
On the research front, BMO Capital has adjusted its view on Century Aluminum by raising its price target to $61 while maintaining an Outperform rating. Separately, Texas Capital Securities initiated coverage with a Buy rating and set a price target of $42.
Policy developments represent another variable for the company. Media reports indicate the Trump administration is considering a plan to roll back tariffs on steel and aluminum products. Such a change could affect Century Aluminum and other companies operating in the metals sector.
Context and takeaways - The insider sale was executed under an automated plan and is complete, leaving Gary with both direct and indirect holdings. The company is pursuing growth via a large-scale domestic plant project and is balancing recent operational performance against near-term upside from asset restarts. Analyst coverage shows divergent price targets and ratings, and potential tariff changes introduce policy-related uncertainty for the sector.