Frontier Nuclear & Minerals (FNUC) director details options, RSUs and shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Frontier Nuclear & Minerals Inc. director Kathleen Skerrett has filed an initial ownership report showing a mix of stock options, restricted stock units (RSUs), and common shares. She directly holds stock options over 3,846 common shares at an exercise price of $5.0000 per share expiring on January 30, 2028, which are fully vested, and additional options over 100,000 common shares at $3.0800 per share expiring on February 21, 2031 with future vesting dates in 2027 and 2028.
Skerrett also holds RSUs over 12,259, 8,209, and 13,000 common shares. These RSUs were granted under the company’s RSU plan, generally have no expiration, and vest on dates she elects within plan limits, with some tranches tied to specific dates, potential change of control, board‑accelerated vesting, or the issuer’s market capitalization exceeding US$150,000,000 for 10 consecutive trading days. She also directly owns 1,538 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Skerrett Kathleen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 3,846 shares (Direct);
Restricted Stock Units — 12,259 shares (Direct);
Common Shares — 1,538 shares (Direct)
Footnotes (1)
- The Stock Options are fully vested. The Stock Options were granted on February 23, 2026 under the Issuer's option plan. The Stock Options vest in accordance with the following schedule: (i) 50% vest on February 23, 2027 and (ii) 50% vest on February 23, 2028. The Restricted Stock Units ("RSUs") were granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan"). The RSUs will vest on such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. The RSUs do not expire. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU Plan. The RSUs were granted on February 23, 2026 under the Issuer's RSU Plan. The RSUs will vest as to the number of shares indicated and, on the later of (i) July 1, 2026; and (ii) such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Notwithstanding any provisions within the RSU Plan to the contrary, the RSUs shall be entitled to immediate vest upon the occurrence of a Change of Control (as defined in the RSU Plan) or if vesting is accelerated by the Issuer's Board of Directors. The RSUs were granted on February 23, 2026 under the Issuer's RSU Plan. The RSUs will vest on the later of (i) the earlier of (y) January 1, 2027, or (z) the market capitalization of the Issuer exceeding US$150,000,000 for 10 consecutive trading days; and (ii) such date as the Reporting Person may elect, provided such date is within the time period allowed under the RSU Plan.
Key Figures
Fully vested options: 3,846 shares at $5.0000
Additional options: 100,000 shares at $3.0800
RSU grant: 12,259 underlying shares
+4 more
7 metrics
Fully vested options
3,846 shares at $5.0000
Stock options expiring January 30, 2028
Additional options
100,000 shares at $3.0800
Stock options expiring February 21, 2031
RSU grant
12,259 underlying shares
RSUs granted July 21, 2025 under RSU Plan
RSU grant
8,209 underlying shares
RSUs granted February 23, 2026 with vesting flexibility
Performance RSUs
13,000 underlying shares
Vest tied to date and market cap condition
Market cap trigger
US$150,000,000
Required for 10 consecutive trading days for certain RSUs
Direct common shares
1,538 shares
Directly owned common shares reported on Form 3
Key Terms
Restricted Stock Units, RSU Plan, Change of Control, market capitalization, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units ("RSUs") were granted on July 21, 2025 under the Issuer's restricted share unit award plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU Plan financial
"under the Issuer's restricted share unit award plan ("RSU Plan")"
Change of Control financial
"immediate vest upon the occurrence of a Change of Control (as defined in the RSU Plan)"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
market capitalization financial
"the market capitalization of the Issuer exceeding US$150,000,000 for 10 consecutive trading days"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
FAQ
What does Frontier Nuclear & Minerals (FNUC) director Kathleen Skerrett report on this Form 3?
Kathleen Skerrett reports her initial holdings, including stock options over 3,846 and 100,000 common shares, several blocks of restricted stock units, and 1,538 directly owned common shares. This filing establishes her starting equity position as a company director.
How many stock options does Kathleen Skerrett hold in Frontier Nuclear & Minerals (FNUC)?
She holds stock options over 3,846 common shares at a $5.0000 exercise price expiring January 30, 2028, and options over 100,000 common shares at $3.0800 expiring February 21, 2031. The first grant is fully vested, while the second vests in 2027 and 2028.
What restricted stock unit (RSU) awards does Kathleen Skerrett disclose for FNUC?
She reports RSUs over 12,259, 8,209, and 13,000 common shares granted under the RSU Plan. The RSUs generally do not expire and vest on dates she elects within plan limits, with some tranches tied to calendar dates and specific performance or control conditions.
Are any of Kathleen Skerrett’s RSUs in Frontier Nuclear & Minerals (FNUC) performance-based?
Yes. One RSU grant vests based on the earlier of January 1, 2027 or the company’s market capitalization exceeding US$150,000,000 for 10 consecutive trading days, subject to her elected settlement date within RSU Plan time limits.
How do change of control events affect Kathleen Skerrett’s RSUs in FNUC?
Certain RSUs are entitled to immediate vesting if a Change of Control, as defined in the RSU Plan, occurs or if vesting is accelerated by the board. This can cause unvested RSUs to vest in full upon such corporate events.