Director Skerrett redeems 20,468 RSUs for cash at Frontier Nuclear (FNUC)
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 Trade Summary
20,468 shares exercised/converted
Exercise
2 txns
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)
- 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.
- 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.
Key Figures
RSUs redeemed for cash: 20468 units
First RSU redemption: 12259 units
Second RSU redemption: 8209 units
+3 more
6 metrics
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
Key Terms
Restricted Share Units, RSU Plan, contingent right, Redemption Date 1
4 terms
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.
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.