Silver Bow director granted 110K stock options
SILVER BOW MINING CORP.
Rhea-AI Filing Summary
SILVER BOW MINING CORP. (SBMT) director Steven Douglas Durbin Jr reported equity awards and updated holdings. He received 110,000 stock options to buy common shares at $8.86 per share, vesting one-third on each of the first three anniversaries of the August 26, 2026 grant date, expiring in 2031. He also received 3,611 Restricted Stock Units, which will fully vest and convert into common shares upon the earliest of a change in control, a sale of a majority of the company’s assets, or his departure from the board. Following these awards he directly holds 392,222 common shares, and an additional 845,353 common shares are held indirectly through Quail Bend Mineral Partners LLC, where he is manager and exercises voting and dispositive power but disclaims beneficial ownership to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 113,611 shares
Grant/Award
3 txns
Insider
Durbin Steven Douglas Jr
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) F3 | 110,000 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1 | 3,611 | $0.00 | $0.00 |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 110,000 contracts (Direct);
Common Shares — 392,222 shares (Direct);
Common Shares — 845,353 shares (Indirect, By Quail Bend Mineral Partners LLC)
Footnotes (3)
- F1. Restricted Stock Units ("RSUs"). 100% of the RSUs will vest and be convertible into Common Shares upon the earliest of (i) a change in control of the Issuer, (ii) a sale of the Marjory of the Issuer's assets, or (iii) the departure of the Reporting Person from the Board of Directors of the Issuer.
- F2. Mr. Durbin as the manager of Quail Bend Minerals Partners LLC exercises voting and dipositive power of the common shares, but disclaims beneficial ownership to the extent of his pecuniary interest therein.
- F3. Stock options will 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
Stock options granted: 110,000 stock options
Stock option exercise price: $8.86 per share
Option expiration date: August 26, 2031
+3 more
6 metrics
Stock options granted
110,000 stock options
Grant to Steven Douglas Durbin Jr on August 26, 2026
Stock option exercise price
$8.86 per share
Exercise price of 110,000 stock options granted August 26, 2026
Option expiration date
August 26, 2031
Expiration of stock options granted to Durbin
RSUs granted
3,611 RSUs
Restricted Stock Units granted to Durbin on August 26, 2026
Direct common shares after transaction
392,222 common shares
Direct SBMT holdings of Durbin after August 26, 2026 transactions
Indirect common shares
845,353 common shares
Held indirectly through Quail Bend Mineral Partners LLC
Key Terms
Restricted Stock Units ("RSUs"), Stock Options (Right to Buy), change in control, pecuniary interest, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs"). 100% of the RSUs will vest"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Options (Right to Buy) financial
"Stock Options (Right to Buy)"
change in control financial
"upon the earliest of (i) a change in control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
pecuniary interest financial
"disclaims beneficial ownership to the extent of his pecuniary interest"
dispositive power financial
"exercises voting and dipositive power of the common shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
What equity awards did Steven Douglas Durbin Jr receive from SBMT on August 26, 2026?
He received 110,000 stock options with an exercise price of $8.86 per share, expiring August 26, 2031, plus 3,611 Restricted Stock Units (RSUs) that can convert into common shares upon specified triggering events.
How do the new SBMT stock options granted to Durbin vest?
The 110,000 stock options vest in three equal installments: one-third on the first anniversary of the August 26, 2026 grant date, and one-third on each of the next two anniversaries, in each case subject to continued service.
What are the vesting conditions for Durbin’s SBMT RSUs?
All 3,611 RSUs vest and become convertible into common shares upon the earliest of: (i) a change in control of Silver Bow Mining Corp., (ii) a sale of a majority of its assets, or (iii) Durbin’s departure from the board.
Is the SBMT Form 4 trade under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed (the 10b5-1 box is not checked), and there is no footnote stating that these transactions were made under a trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
