Director Ronald Little receives 158,800 DSUs at Gold Resource Corp (GORO)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LITTLE RONALD reported acquisition or exercise transactions in this Form 4 filing.
GOLD RESOURCE CORP director Ronald Little received a grant of 158,800 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, so they are not forfeitable, but they are redeemable only at the earlier of the end of Little’s service with the company or ten years from the grant date. Following this award, he holds 158,800 DSUs directly, linked to an equivalent number of underlying common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LITTLE RONALD
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | DSU | 158,800 | $1.5743 | $250K |
Holdings After Transaction:
DSU — 158,800 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) director Ronald Little report?
Ronald Little reported receiving 158,800 deferred stock units as a compensation grant. These DSUs are tied to GOLD RESOURCE CORP common stock and give him the right to receive shares or cash equal to their value at a future redemption date.
How many deferred stock units did Ronald Little acquire in this GORO Form 4?
Ronald Little acquired 158,800 deferred stock units in this transaction. Each DSU corresponds to one underlying share of GOLD RESOURCE CORP common stock or its cash value, giving him equity-linked exposure through this award.
When do Ronald Little’s GORO deferred stock units vest and become redeemable?
The deferred stock units vest immediately at the time of grant, so they are not forfeitable. However, they become redeemable at the earlier of the termination of Ronald Little’s service with GOLD RESOURCE CORP or ten years from the grant date.
What does each GORO deferred stock unit granted to Ronald Little represent?
Each deferred stock unit represents the right to receive one share of GOLD RESOURCE CORP common stock or cash equal to the value of one share. The value is determined as of the redemption date defined in the award terms.
How many GORO deferred stock units does Ronald Little hold after this transaction?
After this transaction, Ronald Little holds 158,800 deferred stock units directly. These units are linked to 158,800 underlying shares of GOLD RESOURCE CORP common stock, reflecting his reported derivative equity position from this grant.