Director Jack Wortzman cash-settles 8,209 RSUs at Frontier Nuclear (FNUC)
Rhea-AI Filing Summary
Wortzman Jack reported disposition transactions in this Form 4 filing.
Frontier Nuclear & Minerals Inc. director Jack Wortzman exercised and redeemed 8,209 restricted share units (RSUs) on July 16, 2026 under the company’s RSU plan. He elected to receive only cash, so no common shares were issued, and the company must settle the cash payment within ten business days.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,209 shares exercised/converted
Exercise
1 txn
Insider
Wortzman Jack
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units F1 | 8,209 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct)
Footnotes (1)
- F1. Each restricted share unit ("RSU") was granted on February 23, 2026 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 16, 2026 (the "Redemption Date"), 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.
Key Figures
RSUs redeemed: 8,209 units
Common shares issued: 0 shares
Cash settlement period: 10 business days
+2 more
5 metrics
RSUs redeemed
8,209 units
Vested restricted share units redeemed on July 16, 2026
Common shares issued
0 shares
No common shares issued in connection with the RSU redemption
Cash settlement period
10 business days
Issuer required to settle cash redemption within ten business days after July 16, 2026
RSU grant date
February 23, 2026
Grant date of the restricted share units under the RSU Plan
Redemption Date
July 16, 2026
Date on which 8,209 vested RSUs were redeemed for cash
Key Terms
Restricted Share Units, RSU Plan, cash equivalent, Redemption Date
4 terms
RSU Plan financial
"under the Issuer's restricted share unit award plan ("RSU Plan")"
cash equivalent financial
"represents a contingent right to receive one common share or the cash equivalent thereof"
Redemption Date financial
"On July 16, 2026 (the "Redemption Date"), the Reporting Person elected"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Frontier Nuclear & Minerals (FNUC) director Jack Wortzman report?
Jack Wortzman reported redeeming 8,209 vested restricted share units on July 16, 2026. Under Frontier Nuclear & Minerals’ RSU plan, he chose a cash-only settlement, meaning no common shares were issued and the company will pay cash within ten business days.
How many RSUs did Jack Wortzman redeem at FNUC and when were they granted?
He redeemed 8,209 restricted share units that had been granted on February 23, 2026 under Frontier Nuclear & Minerals’ restricted share unit award plan. Each RSU represented a contingent right to receive one common share or the cash equivalent under the plan.
When will Frontier Nuclear & Minerals (FNUC) pay the cash for Jack Wortzman’s RSU redemption?
The company is required to settle the cash redemption within ten business days following the July 16, 2026 redemption date. This timing applies to the cash-only settlement of Wortzman’s 8,209 vested RSUs under the restricted share unit award plan.
What type of security and transaction code appear in Jack Wortzman’s FNUC Form 4?
The Form 4 reports Restricted Share Units as the derivative security, tied to common shares. The transaction uses code M, indicating an exercise or conversion of a derivative security, with these RSUs redeemed for cash rather than converted into common shares.