Director at GOLD RESOURCE CORP (GORO) receives grant of 63,520 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gianulis Peter Lawrence reported acquisition or exercise transactions in this Form 4 filing.
GOLD RESOURCE CORP director Peter Lawrence Gianulis received a grant of 63,520 deferred stock units (DSUs). Each DSU represents the right to receive one share of common stock or cash equal to the value of one share as of a future redemption date.
The DSUs vest immediately at grant, meaning they are no longer forfeitable, but they are only redeemable upon the earlier of Gianulis’s service termination with the company or ten years from the grant date. Following this grant, he holds 63,520 DSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gianulis Peter Lawrence
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | DSU | 63,520 | $1.5743 | $100K |
Holdings After Transaction:
DSU — 63,520 shares (Direct)
Footnotes (1)
- Each deferred stock unit ("DSU") represents the right to receive one share of common stock or cash equal to the value of one share of common stock as of the Redemption Date (defined below). The DSUs vest immediately, meaning they become un-forfeitable at the time of grant but are redeemable at the earlier of the termination of the Reporting Person's service to the Issuer or ten years from the grant date (such date, the "Redemption Date").
FAQ
What insider transaction did GOLD RESOURCE CORP (GORO) report for Peter Lawrence Gianulis?
GOLD RESOURCE CORP reported that director Peter Lawrence Gianulis received 63,520 deferred stock units (DSUs). These DSUs are a form of equity-based compensation that convert into common stock or cash equal to a share’s value at a future redemption date.
How many deferred stock units did GORO grant to director Peter Gianulis?
GOLD RESOURCE CORP granted Peter Lawrence Gianulis 63,520 deferred stock units (DSUs). Each DSU corresponds to one share of common stock or equivalent cash value, giving him a future claim tied directly to the company’s share price performance at redemption.
Do the GORO deferred stock units granted to Peter Gianulis vest immediately?
Yes, the 63,520 deferred stock units granted to Peter Lawrence Gianulis vest immediately. Immediate vesting means they become non-forfeitable at the time of grant, although they can only be redeemed at a later specified redemption date event.
When can the deferred stock units for GORO’s Peter Gianulis be redeemed?
The deferred stock units are redeemable at the earlier of two events: termination of Peter Lawrence Gianulis’s service with GOLD RESOURCE CORP or ten years from the grant date. That earlier date is defined as the redemption date for these DSUs.
What does each GORO deferred stock unit granted to Peter Gianulis represent?
Each deferred stock unit represents the right to receive either one share of GOLD RESOURCE CORP common stock or cash equal to the value of one share. The value used will be determined as of the redemption date defined in the award terms.
How many DSUs does Peter Gianulis hold in GORO after this grant?
After this grant, Peter Lawrence Gianulis holds 63,520 deferred stock units in GOLD RESOURCE CORP. These DSUs are fully vested but will only be settled in shares or cash when a redemption event, such as service termination or ten years elapsing, occurs.