Novagold director awarded 1,302 deferred share units
Muniz Quintanilla Daniel reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Muniz Quintanilla Daniel reported acquisition or exercise transactions in this Form 4 filing.
NOVAGOLD RESOURCES INC director Daniel Muniz Quintanilla received an award of 1,302 Deferred Share Units (DSUs) tied to the company’s common shares. The DSUs were granted at no cash cost and increase his direct holdings to 47,188 common shares equivalents.
Each DSU is the economic equivalent of one common share, but the underlying shares will not be issued and he will not have voting or dispositive rights over them until his service as a director ends. For non-U.S. eligible participants, DSU grants expire on December 31 of the year after termination, while for U.S. participants they expire 90 days after termination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,302 | $0.00 | $0.00 |
Footnotes (1)
- F1. Grant of Deferred Share Units (DSUs). Each DSU is the economic equivalent of one share of the Issuer's common stock. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the reporting person's employment or services as a director of NOVAGOLD RESOURCES INC. Grants to non-U.S. Eligible Participants will expire on December 31 of the year following the reporting person's termination date; grants to U.S. Eligible Participants will expire 90 days following the reporting person's termination date.
Key Figures
Key Terms
dispositive rights financial
Eligible Participants financial
FAQ
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What did NOVAGOLD (NG) director Daniel Muniz Quintanilla report in this Form 4?
When will the NOVAGOLD DSUs for Daniel Muniz Quintanilla be settled or expire?
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