Comstock CEO granted RSUs and PSUs
Comstock Inc. CEO Corrado De Gasperis reported new equity awards in the form of restricted and performance stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Comstock Inc. CEO Corrado De Gasperis reported new equity awards in the form of restricted and performance stock units. He now directly holds 181,500 shares of common stock. In addition, he received 247,252 Restricted Stock Units and 619,059 Performance Stock Units, each representing rights to receive common stock.
The RSUs vest in three equal installments on June 30, 2027, June 30, 2028, and June 30, 2029, contingent on continued employment and limited exceptions in the award agreement. The PSUs may convert into common shares based on stock price performance targets over a three-year long-term incentive program and continued employment through June 30, 2029.
Insider Trade Summary
Grant/Award: 866,311 shares
Grant/Award
3 txns
Insider
DEGASPERIS CORRADO
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 619,059 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 247,252 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 619,059 contracts (Direct);
Restricted Stock Units — 247,252 contracts (Direct);
Common Stock — 181,500 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
Key Figures
Common stock held: 181,500 shares
RSUs granted: 247,252 units
PSUs granted: 619,059 units
+2 more
5 metrics
Common stock held
181,500 shares
Direct holdings after transactions
RSUs granted
247,252 units
Each unit equals one share of common stock
PSUs granted
619,059 units
Each unit potentially converts to one common share
RSU vesting dates
June 30, 2027/2028/2029
One-third vests on each date with continued employment
PSU employment condition date
June 30, 2029
Employment required for PSU vesting eligibility
Key Terms
Restricted Stock Unit, Performance Stock Unit, long-term incentive program
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer common stock..."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"Each Performance Stock Unit ("PSU") converts to one share of Common Stock, subject to achievement of performance objectives..."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
long-term incentive program financial
"...over a three-year long-term incentive program."
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Comstock Inc. (LODE) report for its CEO?
Comstock Inc. reported that CEO Corrado De Gasperis received grants of Restricted Stock Units and Performance Stock Units. These awards provide rights to future common shares, subject to multi-year vesting schedules and performance conditions tied to stock price and continued employment.
How many Restricted Stock Units did the Comstock (LODE) CEO receive?
The CEO received 247,252 Restricted Stock Units. Each RSU represents a contingent right to one share of common stock, with one-third scheduled to vest on June 30, 2027, 2028, and 2029, provided he remains employed and certain limited award agreement conditions are met.
What are the terms of the Performance Stock Units granted at Comstock (LODE)?
The CEO was granted 619,059 Performance Stock Units, each potentially converting into one share of common stock. Vesting depends on achieving specified stock price performance targets over a three-year incentive program and his continued employment through June 30, 2029, as outlined in the award terms.
When do the Comstock (LODE) CEO’s RSU awards vest?
The Restricted Stock Units vest in three equal tranches on June 30, 2027, June 30, 2028, and June 30, 2029. Vesting requires the CEO to remain employed on each vesting date, subject to limited exceptions specified in the underlying award agreement documentation.
Are the Comstock (LODE) Performance Stock Units guaranteed to vest?
The Performance Stock Units are not guaranteed to vest. They only become eligible for vesting if specified stock price performance targets are achieved over the program’s anniversaries and the CEO remains employed through June 30, 2029, consistent with the performance and service requirements described.
AI-generated analysis. How Rhea-AI works. Not financial advice.
