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Director Skerrett redeems 20,468 RSUs for cash at Frontier Nuclear (FNUC)

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Skerrett Kathleen reported disposition transactions in this Form 4 filing.

Frontier Nuclear & Minerals Inc. director Kathleen Skerrett redeemed a total of 20,468 vested restricted share units for cash on July 6, 2026, from grants made on July 21, 2025 and February 23, 2026. Each redemption will be settled in cash within ten business days, and no common shares were issued.

Positive

  • None.

Negative

  • None.
Insider Skerrett Kathleen
Role Director
Type Security Shares Price Value
Exercise Restricted Share Units F1 12,259 $0.00 $0.00
Exercise Restricted Share Units F2 8,209 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 0 shares (Direct)
Footnotes (2)
  1. F1. Each restricted share unit ("RSU") was granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan") and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 6, 2026 (the "Redemption Date 1"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem an aggregate of 12,259 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date 1.
  2. F2. Each RSU was granted on February 23, 2026 under the Issuer's RSU Plan and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 6, 2026 (the "Redemption Date 2"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem 8,209 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date 2.
RSUs redeemed for cash 20468 units Total vested restricted share units redeemed for cash on July 6, 2026
First RSU redemption 12259 units Aggregate vested RSUs from July 21, 2025 grant redeemed for cash on Redemption Date 1
Second RSU redemption 8209 units Vested RSUs from February 23, 2026 grant redeemed for cash on Redemption Date 2
Grant date 1 July 21, 2025 Date RSU award underlying 12,259 units was granted under the RSU Plan
Grant date 2 February 23, 2026 Date RSU award underlying 8,209 units was granted under the RSU Plan
Cash settlement period ten business days Issuer must settle each cash redemption within ten business days following the Redemption Date
Restricted Share Units financial
"security_title "Restricted Share Units" for director awards"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
RSU Plan financial
"granted under the Issuer's restricted share unit award plan ("RSU Plan")"
contingent right financial
"represents a contingent right to receive one common share or the cash equivalent"
Redemption Date 1 financial
"On July 6, 2026 (the "Redemption Date 1"), the Reporting Person elected"

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FAQ

What insider transaction did Frontier Nuclear & Minerals (FNUC) disclose?

Frontier Nuclear & Minerals (FNUC) disclosed that director Kathleen Skerrett redeemed 20,468 vested restricted share units for cash on July 6, 2026. These were cash-settled awards, and the company did not issue any common shares in connection with the redemptions.

How many RSUs did the Frontier Nuclear (FNUC) director redeem from each grant?

Kathleen Skerrett redeemed 12,259 restricted share units from a July 21, 2025 grant and 8,209 restricted share units from a February 23, 2026 grant. Both redemptions occurred on July 6, 2026 and were settled solely in cash under the company’s RSU Plan.

Did the Frontier Nuclear & Minerals (FNUC) RSU redemptions result in new share issuance?

No. The filing states that each RSU redemption was settled solely for cash and that no common shares were issued in connection with either the 12,259-unit or 8,209-unit redemption. The transactions eliminated those RSU awards rather than adding to the share count.

When will Frontier Nuclear (FNUC) pay the cash for the director’s RSU redemptions?

For each RSU redemption on July 6, 2026, Frontier Nuclear & Minerals is required to settle the cash payment within ten business days following the respective Redemption Date. This timing applies to both the 12,259-unit and 8,209-unit RSU redemptions.

Were the Frontier Nuclear (FNUC) RSU transactions under a Rule 10b5-1 trading plan?

The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes describe discretionary RSU redemptions under the RSU Plan. The disclosure does not state that these cash redemptions were executed pursuant to a Rule 10b5-1 trading arrangement.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Skerrett Kathleen

(Last)(First)(Middle)
360 MAIN STREET, 30TH FLOOR

(Street)
WINNIPEGR3C 4G1

(City)(State)(Zip)

MANITOBA, CANADA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Frontier Nuclear & Minerals Inc. [ FNUC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(1)07/06/2026M12,259 (1) (1)Common Shares(1)12,259(1)$0(1)0D
Restricted Share Units(2)07/06/2026M8,209 (2) (2)Common Shares(2)8,209(2)$0(2)0D
Explanation of Responses:
1. Each restricted share unit ("RSU") was granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan") and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 6, 2026 (the "Redemption Date 1"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem an aggregate of 12,259 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date 1.
2. Each RSU was granted on February 23, 2026 under the Issuer's RSU Plan and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 6, 2026 (the "Redemption Date 2"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem 8,209 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date 2.
Skerrett Kathleen07/20/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)