Silver Bow Mining grants options to executives
Silver Bow Mining Corp. reported that its compensation committee granted new stock options to two senior executives under its 2022 long term incentive plan.
Rhea-AI Filing Summary
Silver Bow Mining Corp. reported that its compensation committee granted new stock options to two senior executives under its 2022 long term incentive plan. Chief Financial Officer Wade Black received 15,000 options with an exercise price of US$11.50 per share, a five-year term, and vesting in three equal annual installments starting May 19, 2027, subject to continued service. Vice President of Exploration Phillip Nickerson received 30,000 options on the same US$11.50 exercise price, five-year term, and three-year, time-based vesting schedule.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CFO options granted: 15,000 options
VP Exploration options granted: 30,000 options
Exercise price: US$11.50 per share
+3 more
6 metrics
CFO options granted
15,000 options
Granted to CFO Wade Black on May 19, 2026
VP Exploration options granted
30,000 options
Granted to VP of Exploration Phillip Nickerson on May 19, 2026
Exercise price
US$11.50 per share
Exercise price for both executives’ stock options
Option term
Five years
Duration of stock options granted on May 19, 2026
First vesting date
May 19, 2027
One-third of each grant vests on this date
Final vesting date
May 19, 2029
Final third of options vest, subject to continued service
Key Terms
stock options, 2022 long term incentive plan, emerging growth company
3 terms
stock options financial
"granted stock options (the “Stock Options”) under the Company’s 2022 long term incentive plan"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
2022 long term incentive plan financial
"granted stock options (the “Stock Options”) under the Company’s 2022 long term incentive plan"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive stock option grants did Silver Bow Mining Corp. (SBMT) disclose?
Silver Bow Mining Corp. granted stock options to two executives. CFO Wade Black received 15,000 options, and VP of Exploration Phillip Nickerson received 30,000 options, all under the company’s 2022 long term incentive plan with a five-year term.
What is the exercise price and term of the new SBMT executive stock options?
The granted stock options have a US$11.50 exercise price and five-year term. Both executives’ options are exercisable at US$11.50 per share and remain outstanding for five years from the May 19, 2026 grant date, subject to vesting and continued service.
How do the Silver Bow Mining (SBMT) options granted to executives vest?
The options vest in three equal annual installments. For both Wade Black and Phillip Nickerson, one-third of the options vest on May 19, 2027, one-third on May 19, 2028, and the final third on May 19, 2029, contingent on continued service.
Which Silver Bow Mining Corp. (SBMT) executives received stock options in May 2026?
CFO Wade Black and VP of Exploration Phillip Nickerson received options. Black was granted 15,000 options and Nickerson 30,000 options on May 19, 2026, as part of the company’s long term incentive compensation program.
Under what plan were SBMT’s May 2026 executive stock options granted?
The grants were made under Silver Bow Mining’s 2022 long term incentive plan. This plan allows the company to issue equity-based awards, such as stock options, to named executive officers as part of their compensation and retention structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
