PPTA Director Shows Confidence by Converting Entire Q2 Pay to Company Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perpetua Resources Corp (PPTA) Director Richie Darrin Haddock reported receiving 531 Deferred Share Units (DSUs) on June 25, 2025, as compensation for his board service during Q2 2025. The DSUs were valued at $13.09 per unit, based on the company's closing share price on June 24, 2025.
Key details of the transaction:
- The DSUs were granted in lieu of a cash retainer for board service
- Units are fully vested upon grant
- Each DSU converts to one common share (or cash equivalent, subject to approval)
- Settlement occurs after separation from service
- Following the transaction, Haddock beneficially owns 26,439 DSUs directly
This Form 4 filing reflects standard board compensation practices and indicates continued alignment between director and shareholder interests through equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haddock Richie Darrin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units | 531 | $13.09 | $7K |
Holdings After Transaction:
Deferred Share Units — 26,439 shares (Direct)
Footnotes (1)
- A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp. (the "Issuer") (or, at the election of the holder and subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive Plan, cash equal to the value thereof on the date of settlement) for each DSU. The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the second quarter of 2025. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on June 24, 2025.
FAQ
What was the price of PPTA DSUs granted to Director Haddock in June 2025?
The DSUs were valued at $13.09 per unit, based on the closing price of Perpetua Resources Corp.'s Common Shares on the Nasdaq Capital Market on June 24, 2025.
When can PPTA director Haddock's DSUs be settled or redeemed?
The DSUs will be settled following the reporting person's separation from service. The units were fully vested as of the grant date, and can be settled either in PPTA common shares or, subject to administrator approval, in cash equal to their value on the settlement date.
Why did PPTA director Haddock receive DSUs instead of cash compensation?
The Form 4 indicates that Haddock elected to receive DSUs in lieu of a cash retainer for his service as a director during the second quarter of 2025, suggesting this was a voluntary choice under the company's compensation plan.