Hycroft Mining (HYMC) SVP receives 11,113 RSU grant vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hycroft Mining Holding Corp reported that SVP and General Manager Thomas David Brian received an award of 11,113 restricted stock units (RSUs) of Class A common stock at no cash price as part of his compensation. Following this grant, he directly holds 202,374 shares of common stock.
The RSUs vest over three years, subject to his continued employment. 33% of the units vest on March 9, 2027, another 33% on March 9, 2028, and the remaining 34% on March 9, 2029. Each vested RSU converts into one share of Class A common stock on its vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thomas David Brian
Role
SVP, General Manager
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 11,113 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 202,374 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hycroft Mining (HYMC) report for Thomas David Brian?
Hycroft Mining reported that SVP and General Manager Thomas David Brian received a grant of 11,113 restricted stock units. These RSUs are compensation-based, involve no cash purchase, and will convert into common shares as they vest over several future dates.
What is the vesting schedule for Thomas David Brian’s 11,113 RSUs at Hycroft Mining (HYMC)?
The 11,113 RSUs vest in three tranches over time. 33% vest on March 9, 2027, another 33% on March 9, 2028, and the remaining 34% on March 9, 2029, all conditioned on continued employment with Hycroft Mining.
What does each restricted stock unit (RSU) represent in the Hycroft Mining (HYMC) Form 4?
Each restricted stock unit represents a contingent right to receive one share of Hycroft Mining’s Class A common stock. Upon each vesting date, vested RSUs automatically convert into common shares on a one-to-one basis, increasing the insider’s actual share holdings.
Was cash paid for the 11,113 Hycroft Mining (HYMC) RSUs granted to Thomas David Brian?
No cash was paid for the 11,113 RSUs granted to Thomas David Brian. The Form 4 shows a price per share of 0.0000, indicating this is a compensation-related equity award rather than an open-market share purchase.
Is the Hycroft Mining (HYMC) RSU grant to Thomas David Brian an open-market transaction?
The RSU grant is not an open-market transaction. It is classified as a grant or award acquisition, reflecting equity compensation awarded by the company, which will vest and convert into shares over time subject to continued employment conditions.