Frontier Nuclear (FNUC) director reports option and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Frontier Nuclear & Minerals Inc. director Jack Wortzman filed an amended ownership report detailing his derivative equity holdings. He holds stock options over 4,000 common shares at an exercise price of $5.0000 expiring on January 30, 2028, and options over 104,000 common shares at $3.0800 expiring on February 23, 2031.
He also holds restricted stock units (RSUs) covering 7,500, 8,209 and 10,000 common shares. Footnotes state some options are fully vested and others vest 50% on February 23, 2027 and 50% on February 23, 2028. The RSUs were granted under the company’s RSU plan, do not expire, and each RSU represents a right to receive one common share or cash, with vesting tied to dates elected by Wortzman, change-of-control events, and a market capitalization target of US$150,000,000 for 10 consecutive trading days.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Wortzman Jack
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 4,000 shares (Direct);
Restricted Stock Units — 7,500 shares (Direct)
Footnotes (1)
- The Stock Options are fully vested. The Stock Options were granted on February 23, 2026 under the Issuers option plan. The Stock Options vest in accordance with the following schedule: (i) 50% vest on February 23, 2027 and (ii) 50% vest on February 23, 2028. The Restricted Share Units (RSUs) were granted on July 21, 2025 under the Issuers restricted share unit award plan (RSU Plan). The RSUs will vest on such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. The RSUs do not expire. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan. The RSUs were granted on February 23, 2026 under the Issuers RSU Plan. The RSUs will vest as to the number of shares indicated and, on the later of (i) July 1, 2026; and (ii) such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Notwithstanding any provisions within the RSU Plan to the contrary, the RSUs shall be entitled to immediate vest upon the occurrence of a Change of Control (as defined in the RSU Plan) or if vesting is accelerated by the Issuers Board of Directors. The RSUs were granted on February 23, 2026 under the Issuers RSU Plan. The RSUs will vest on the later of (i) the earlier of (y) January 1, 2027, or (z) the market capitalization of the Issuer exceeding US$150,000,000 for 10 consecutive trading days; and (ii) such date as the Reporting Person may elect, provided such date is within the time period allowed under the RSU Plan.
FAQ
What insider holdings did Frontier Nuclear (FNUC) director Jack Wortzman report?
Jack Wortzman reported derivative holdings in stock options and restricted stock units. These cover 4,000 and 104,000 common shares via options, plus RSUs over 7,500, 8,209 and 10,000 common shares, all held directly under Frontier Nuclear & Minerals’ equity plans.
What stock option positions does Jack Wortzman hold in Frontier Nuclear (FNUC)?
He holds options over 4,000 common shares at $5.0000 expiring January 30, 2028, and 104,000 shares at $3.0800 expiring February 23, 2031. Footnotes indicate some options are fully vested, while others follow a vesting schedule in 2027 and 2028.
How are Jack Wortzman’s RSUs in Frontier Nuclear (FNUC) structured?
His RSUs, granted under the company’s RSU Plan, cover 7,500, 8,209 and 10,000 common shares. Each RSU represents a contingent right to one common share or cash, with vesting based on elected dates, plan rules, change-of-control provisions, and a disclosed market capitalization milestone.
Do Jack Wortzman’s RSUs in Frontier Nuclear (FNUC) expire?
The filing states that the RSUs do not expire. Instead, vesting depends on conditions such as dates Wortzman elects within the RSU Plan’s allowed period, potential acceleration upon a change of control, and, for certain grants, achieving a specified market capitalization target.
What market capitalization condition affects some Frontier Nuclear (FNUC) RSUs?
For one RSU grant, vesting occurs on the later of an elected date and the earlier of January 1, 2027, or when Frontier Nuclear’s market capitalization exceeds US$150,000,000 for 10 consecutive trading days, adding a performance-based element to those equity awards.