[Form 4] SILVER BOW MINING CORP. Insider Trading Activity
SILVER BOW MINING CORP.
Rhea-AI Filing Summary
SILVER BOW MINING CORP. Chief Operating Officer Kevin G. Shiell received new equity awards as part of his compensation. He was granted 13,500 Common Share Restricted Stock Units at no cash cost, bringing his direct common share holdings to 13,500 shares.
According to the footnotes, 10,000 of these RSUs vest only upon conditions determined by the board, and 3,500 vest six months after completion of an initial public offering. Shiell was also granted stock options for 60,000 Common Shares at an exercise price of $11.5000 per share, expiring on May 19, 2031, with one-third vesting on each anniversary of the grant date, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 73,500 shares
Grant/Award
2 txns
Insider
Shiell Kevin G
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 60,000 | $0.00 | $0.00 |
| Grant/Award | Common Shares | 13,500 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 60,000 contracts (Direct);
Common Shares — 13,500 shares (Direct)
Footnotes (2)
- F1. Restricted Stock Units, 10,000 of which shall vest upon certain conditions as determined by Issuer's board of directors, and 3,500 which shall vest on the date that is six months following completion of an initial public offering.
- F2. Stock options vest as follows: one-third on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.
Key Figures
RSU grant: 13,500 Common Shares
Performance RSUs: 10,000 units
IPO-linked RSUs: 3,500 units
+3 more
6 metrics
RSU grant
13,500 Common Shares
Restricted Stock Units granted to COO Kevin G. Shiell
Performance RSUs
10,000 units
Vest upon conditions determined by the board of directors
IPO-linked RSUs
3,500 units
Vest six months after completion of an initial public offering
Stock option grant
60,000 options
Options on Common Shares granted on May 19, 2026
Option exercise price
$11.5000 per share
Exercise price for 60,000 stock options
Option expiration
May 19, 2031
Expiration date for the 60,000 stock options
Key Terms
Restricted Stock Units, initial public offering, Stock options, vest
4 terms
Restricted Stock Units financial
"Restricted Stock Units, 10,000 of which shall vest upon certain conditions"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
initial public offering financial
"3,500 which shall vest on the date that is six months following completion of an initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
Stock options financial
"Stock options vest as follows: one-third on the first anniversary of the grant date"
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.
vest financial
"Stock options vest as follows: one-third on the first anniversary of the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did SBMT COO Kevin G. Shiell receive in this Form 4?
Kevin G. Shiell received 13,500 Restricted Stock Units and stock options for 60,000 Common Shares. The RSUs and options were granted at no cash cost, reflecting compensation rather than open-market purchases of SILVER BOW MINING CORP. shares.
How do the 13,500 SBMT Restricted Stock Units for the COO vest?
The 13,500 RSUs vest in two parts: 10,000 vest upon conditions set by the board, while 3,500 vest six months after completion of an initial public offering. These vesting terms link Shiell’s equity to both performance conditions and a successful IPO.
What are the key terms of Kevin Shiell’s 60,000 SBMT stock options?
Shiell’s 60,000 stock options allow him to buy Common Shares at $11.5000 per share until May 19, 2031. The options vest in three equal installments: one-third on the first anniversary of grant and one-third on each subsequent anniversary, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
