Comstock (LODE) CAO receives new RSU and PSU equity awards tied to 2029
Rhea-AI Filing Summary
Bieberly Matthew J reported acquisition or exercise transactions in this Form 4 filing.
Comstock Inc. Chief Accounting Officer Matthew J. Bieberly reported new equity compensation awards rather than open-market trades. He received 36,838 Restricted Stock Units, each representing a contingent right to one share of common stock that vests in three equal installments on June 30 of 2027, 2028, and 2029, subject to continued employment and limited exceptions in the award agreement. He also received 92,234 Performance Stock Units, each convertible into one share of common stock only if stock price appreciation targets are achieved over a three-year long-term incentive program and he remains employed through June 30, 2029. Following these awards, the filing shows 0 shares of common stock held directly and only these derivative awards outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 92,234 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 36,838 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Performance Stock Unit ("PSU") converts to one share of Common Stock, subject to achievement of performance objectives based on the achievement of targets tied to specified stock price appreciation over a three-year long-term incentive program. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer common stock with one-third of the grant subject to vesting at on each of June 30, 2027, June 30, 2028 and June 30, 2029, respectively, as long as the employee is employed at the vesting date subject to certain limited exceptions set out in the award agreement. The PSUs are only eligible for vesting based on both the achievement of specified stock price performance targets established by the Compensation Committee over the next three anniversaries of the program and the participants continued employment at June 30, 2029. The RSUs are forfeited only if the employee in not employed by the Company prior to the annual vesting dates noted above subject to certain limited exceptions set out in the award agreement.