CFO equity awards at Frontier Nuclear & Minerals (FNUC) detailed
Rhea-AI Filing Summary
Frontier Nuclear & Minerals Inc. disclosed Chief Financial Officer Nazareth Nikhil Kyle’s initial equity holdings. He holds stock options over 50,000 common shares at an exercise price of $3.08 per share, expiring on February 23, 2031, vesting 50% on February 23, 2027 and 50% on February 23, 2028. He also has restricted stock units (RSUs) over 8,209 common shares that vest on the later of July 1, 2026 or a date he elects within the plan’s allowed period, and a separate 10,000 RSU grant that vests based on the earlier of January 1, 2027 or the company’s market capitalization exceeding US$150,000,000 for 10 consecutive trading days. The RSUs do not expire and each RSU represents a contingent right to receive one common share or the cash equivalent, with certain awards eligible for immediate vesting upon a change of control or board-approved acceleration.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Footnotes (1)
- The Stock Options were granted on February 23, 2026 under the Issuer's 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 Stock Units ("RSUs") were granted on February 23, 2026 under the Issuer's restricted share unit award plan ("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 Issuer's Board of Directors. 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 Issuer's 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.
