NovaGold director granted 865 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 865 common-share-equivalent Deferred Share Units at no cost. After this grant, his reported holdings total 45,886 common shares. Each DSU is economically equal to one common share but does not deliver actual shares or voting rights until his board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 865 shares
Grant/Award
1 txn
Insider
Muniz Quintanilla Daniel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 865 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares — 45,886 shares (Direct)
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the NOVAGOLD (NG) Form 4 filing report for Daniel Muniz Quintanilla?
The filing reported that director Daniel Muniz Quintanilla received a grant of 865 Deferred Share Units. These units are economically equivalent to common shares and increased his reported holdings to 45,886 common shares following the transaction.
Does the NOVAGOLD (NG) director have voting rights on the DSUs now?
He does not currently have voting or dispositive rights over the underlying common shares tied to the DSUs. Those rights, and issuance of the actual shares, only arise after his employment or director service with NOVAGOLD RESOURCES INC terminates.
AI-generated analysis. How Rhea-AI works. Not financial advice.