Silver Bow COO granted 20K stock options at $8.86
Rhea-AI Filing Summary
SILVER BOW MINING CORP. (SBMT) reported an equity compensation grant to its Chief Operating Officer, Kevin G. Shiell. He received 20,000 stock options to buy common shares at an exercise price of $8.86 per share. These options expire on August 26, 2031 and are held as a direct ownership position.
According to the vesting terms, the options vest in three equal installments: one-third on the first anniversary of the grant date, and one-third on each of the next two anniversaries, contingent on continued service. After this grant, Shiell holds 20,000 stock options of this award series.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shiell Kevin G
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) F1 | 20,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 20,000 shares (Direct)
Footnotes (1)
- F1. 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
Stock options granted: 20,000 options
Exercise price: $8.86 per share
Underlying common shares: 20,000 shares
+2 more
5 metrics
Stock options granted
20,000 options
Grant to COO Kevin G. Shiell on August 26, 2026
Exercise price
$8.86 per share
Conversion or exercise price of granted options
Underlying common shares
20,000 shares
Shares issuable upon exercise of the options
Expiration date
August 26, 2031
Options expire five years after the grant date
Post-transaction option holdings
20,000 options
Total stock options reported following this grant
Key Terms
Stock Options (Right to Buy), exercise price, vesting, expiration date
4 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 8.8600"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"Stock options vest as follows: one-third on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: 2031-08-26"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What did SBMT’s COO Kevin G. Shiell receive in this Form 4?
Kevin G. Shiell received a grant of 20,000 stock options to acquire Silver Bow Mining Corp. common shares. The options have an exercise price of $8.86 per share and represent a compensation-related award rather than an open-market purchase.
What is the exercise price of the new SBMT stock options?
The newly granted stock options to SBMT’s COO have an exercise price of $8.86 per share. This is the price at which he can purchase Silver Bow Mining Corp. common shares if and when the options are exercised.
When do Kevin G. Shiell’s SBMT options vest?
The SBMT options vest over three years: one-third on the first anniversary of the grant date, and one-third on each of the next two anniversaries. Vesting is subject to continued service with the company.
When do the newly granted SBMT options expire?
The stock options granted to SBMT’s COO on August 26, 2026 carry an expiration date of August 26, 2031. Any unexercised options after that date will lapse and can no longer be used to acquire common shares.
How many SBMT options does Kevin G. Shiell hold after this grant?
After this transaction, Kevin G. Shiell holds 20,000 stock options of this reported award. These options give him the right to acquire an equivalent number of Silver Bow Mining Corp. common shares upon exercise, subject to vesting.
Was this SBMT option grant made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked as affirming a trading plan for this report. The transaction is characterized as a grant, award, or other acquisition of derivative securities rather than a planned market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
