i-80 Gold CEO buys 1M shares, gets RSU grant
i-80 Gold Corp. President and CEO Richard Scott Young reported two key transactions.
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Rhea-AI Filing Summary
i-80 Gold Corp. President and CEO Richard Scott Young reported two key transactions. He purchased 1,000,000 Common Shares in the open market at $1.40 per share, bringing his direct Common Share holdings to 4,971,000 shares.
He also received a grant of 407,408 Restricted Share Units (RSUs), each representing a right to one common share. According to the terms, these RSUs vest in full on March 1, 2029 and will be settled in cash or shares at the company’s discretion. In addition, 366,000 Common Shares are held indirectly by his spouse, with beneficial ownership disclaimed except for any pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 407,408 | $0.00 | $0.00 |
| Purchase | Common Shares | 1,000,000 | $1.40 | $1.40M |
| Holding | Common Shares | -- | -- | -- |
Footnotes (3)
- F1. Canadian purchase price of $1.9328 converted into U.S. dollars using an exchange rate of C$1.3801=US$1.00
- F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3. Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. RSUs will vest in full on March 1, 2029. Vested RSUs settle in cash or shares at the discretion of the Issuer as soon as administratively feasible following the vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did i-80 Gold (IAUX) CEO Richard Scott Young report?
What are the key terms of the 407,408 RSUs granted to the i-80 Gold (IAUX) CEO?
Does the i-80 Gold (IAUX) CEO have remaining derivative positions after this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.