Intl Battery Metals (IBATF) CEO discloses 3M restricted share units
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
International Battery Metals Ltd. filed a Form 3 showing that Chief Executive Officer and director Joseph A. Mills beneficially owns restricted equity awards in the company. He holds 1,000,000 Restricted Share Units (RSUs) granted on April 7, 2025, which vest in full on April 7, 2026, under the company’s Amended and Restated Restricted Share Unit Plan. He also holds 2,000,000 Performance Based Restricted Share Units (PBRSUs) granted on the same date, which vest upon completion and deployment of two additional Direct Lithium Extraction plants, subject to the related agreement. Each RSU and each PBRSU represents a contingent right to receive one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MILLS JOSEPH A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Based Restricted Share Units | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 1,000,000 shares (Direct);
Performance Based Restricted Share Units — 2,000,000 shares (Direct)
Footnotes (1)
- Represents Restricted Share Units ("RSUs") granted on April 7, 2025 under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan") and vests in full on April 7, 2026. Each RSU represents a contingent right to receive one Common Share. Represents Performance Based Restricted Share Units ("PBRSUs") granted on April 7, 2025, under the Plan, which shall vest upon completion of and deployment of two additional Direct Lithium Extraction Plants, subject to the terms of the associated Restricted Share Unit Agreement. Each PBRU represents a contingent right to receive one Common Share.
FAQ
What does the IBATF Form 3 filing disclose for CEO Joseph A. Mills?
The Form 3 shows that CEO and director Joseph A. Mills beneficially owns restricted share units in International Battery Metals Ltd. These include 1,000,000 time-based RSUs and 2,000,000 performance-based RSUs, all convertible into common shares upon vesting under plan terms.
What are the vesting conditions for IBATF performance-based RSUs held by the CEO?
The 2,000,000 Performance Based Restricted Share Units vest upon completion and deployment of two additional Direct Lithium Extraction plants. Vesting is also subject to the terms of the associated Restricted Share Unit Agreement under the company’s equity incentive plan.
What does each IBATF RSU and PBRSU represent in this Form 3 filing?
Each Restricted Share Unit and each Performance Based Restricted Share Unit represents a contingent right to receive one common share of International Battery Metals Ltd. Actual common shares are issued only if the applicable time-based or performance-based vesting conditions are met.
What roles does Joseph A. Mills hold at International Battery Metals Ltd.?
Joseph A. Mills is identified as both a director and the Chief Executive Officer of International Battery Metals Ltd. in the Form 3. The filing reflects his beneficial ownership of restricted equity awards connected to these leadership positions at the company.