Director at i-80 Gold (NYSE: IAUX) granted 60,000 deferred share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Butler Ronald Jr reported acquisition or exercise transactions in this Form 4 filing.
i-80 Gold Corp. director Ronald Butler Jr. received a grant of 60,000 Deferred Share Units (DSUs) as director compensation. Each DSU is economically equivalent to one common share, but the underlying shares will not be issued and carry no voting or dispositive rights until he separates as a director.
The DSUs will fully vest on June 30, 2027 and do not expire, and Butler now holds 60,000 DSUs following this award. This is a non-cash, compensation-related equity grant rather than an open-market purchase or sale of i-80 Gold Corp. shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Butler Ronald Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units | 60,000 | $0.00 | -- |
Holdings After Transaction:
Deferred Share Units — 60,000 shares (Direct, null)
Footnotes (1)
- Each Deferred Share Umit ("DSU") is the economic equivalent of one of the Issuer's common shares. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until the separation of the reporting person as a director of the Issuer. The DSUs will fully vest on June 30, 2027, and do not expire.
Key Figures
Deferred Share Units granted: 60,000 units
Price per DSU: $0.00 per unit
Underlying common shares: 60,000 shares
+2 more
5 metrics
Deferred Share Units granted
60,000 units
Grant of Deferred Share Units to director on June 23, 2026
Price per DSU
$0.00 per unit
Grant/award acquisition with no cash exercise price
Underlying common shares
60,000 shares
Each DSU economically equivalent to one common share
Holdings after grant
60,000 Deferred Share Units
Total DSUs held by Ronald Butler Jr. following transaction
Vesting date
June 30, 2027
DSUs will fully vest on this date
Key Terms
Deferred Share Units, economic equivalent, voting or dispositive rights, vest
4 terms
economic equivalent financial
"Each Deferred Share Umit ("DSU") is the economic equivalent of one of the Issuer's common shares."
voting or dispositive rights regulatory
"the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares"
vest financial
"The DSUs will fully vest on June 30, 2027, and do not expire."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did i-80 Gold Corp. (IAUX) report for Ronald Butler Jr.?
i-80 Gold Corp. reported that director Ronald Butler Jr. received 60,000 Deferred Share Units as a grant. The award is a form of equity-based director compensation, not an open-market share purchase or sale, and is economically tied to common shares.