Director Stephen Gottesfeld receives 60,000 DSUs at i-80 Gold (IAUX) as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gottesfeld Stephen P reported acquisition or exercise transactions in this Form 4 filing.
i-80 Gold Corp. reported that director Stephen P. Gottesfeld received a grant of 60,000 Deferred Share Units (DSUs), each economically equivalent to one common share. The DSUs represent director compensation rather than an open-market purchase and were granted at a price of $0.00 per unit.
The DSUs will fully vest on June 30, 2027, and do not expire. The underlying common shares will not be issued, and Mr. Gottesfeld will have no voting or dispositive rights over those underlying shares until he separates from service as a director. Following this grant, he holds 60,000 DSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gottesfeld Stephen P
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
Grant 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 to director Stephen P. Gottesfeld
Grant price per DSU
$0.00 per unit
Director equity compensation grant
Underlying common shares
60,000 shares
Each DSU equals one common share economically
Total DSUs after transaction
60,000 units
Holdings following the award
Vesting date
June 30, 2027
DSUs fully vest on this date
Key Terms
Deferred Share Units, DSU, economic equivalent, voting or dispositive rights, +1 more
5 terms
DSU financial
"Each Deferred Share Umit ("DSU") is the economic equivalent of one of the Issuer's common shares."
economic equivalent financial
"Each Deferred Share Umit ("DSU") is the economic equivalent of one of the Issuer's common shares."
voting or dispositive rights financial
"the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until the separation"
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 Stephen P. Gottesfeld?
i-80 Gold Corp. reported that director Stephen P. Gottesfeld received a grant of 60,000 Deferred Share Units as compensation. These DSUs are derivatives tied to common shares but were issued at no cash cost to him and are not open-market purchases.