IBAT CFO reports RSU and PBRSU holdings
International Battery Metals Ltd. filed an initial insider ownership report for its Chief Financial Officer, Michael A. Rutledge.
Rhea-AI Filing Summary
International Battery Metals Ltd. filed an initial insider ownership report for its Chief Financial Officer, Michael A. Rutledge. The filing shows he beneficially owns 450,000 Restricted Share Units that were granted on June 2, 2025 and vest in full on June 2, 2026, each representing one common share. It also reports 900,000 performance-based RSUs that were granted on the same date and will vest upon completion and deployment of two additional Direct Lithium Extraction plants, according to the company’s restricted share unit plan and related agreement.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Performance Based Restricted Share Units | -- | -- | -- |
Footnotes (4)
- F1. Represents Restricted Share Units ("RSUs") granted on June 2, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan"), which vests in full on June 2, 2026. Each RSU represents a contingent right to receive one Common Share.
- F2. Each RSU represents a contingent right to receive one Common Share.
- F3. Represents Performance Based Restricted Share Units ("PBRSUs") granted on June 2, 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.
- F4. Each PBRU represents a contingent right to receive one Common Share.
FAQ
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What does the IBATF Form 3 filing for Michael A. Rutledge show?
What performance-based equity is disclosed in the IBATF Form 3?
Are the IBATF CFO’s restricted units held directly or indirectly?
Does the IBATF Form 3 represent a new transaction or existing holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.